23Alpha

Ellensburg, WA metro area Housing Market Brief

metro · WA · as of August 2026

Deep Buyer's

What is Ellensburg, WA metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
-15.036
Inventory Health25%
-9.632
Affordability20%
-6.84
Economic Strength20%
22
Rental Yield15%
-17.520

Where is Ellensburg, WA metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Ellensburg, WA metro area is classified as Declining cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Ellensburg, WA metro area?

Our model forecasts Ellensburg, WA metro area’s home prices to rise about 17.9% over the next 12 months (medium confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Ellensburg, WA metro area housing market data

MetricValueYoY
Median Sale Price$623K▲ +4%
Median Days on Market67 days▲ +3.1%
Months of Supply6.0▲ +13.2%
Homes for Sale472▲ +19.5%
Homes Sold82▲ +6.5%
Median Price / Sq Ft$325-6%

How has Ellensburg, WA metro area’s Alpha Score moved?

Now: 23
12-period trend
Median sale price · 12 mo

Markets like Ellensburg, WA metro area

Frequently asked questions

Is Ellensburg, WA metro area a buyer's or seller's market?

As of August 2026, Ellensburg, WA metro area is classified as a Deep Buyer's Market, based on its Alpha Score of 23 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Ellensburg, WA metro area?

The median sale price in Ellensburg, WA metro area is $623K, having risen 4% over the past year.

How affordable is Ellensburg, WA metro area?

Ellensburg, WA metro area scores 4 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Ellensburg, WA metro area's Alpha Score?

Ellensburg, WA metro area's strongest dimension is Price Momentum (36/100) and its weakest is Affordability (4/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Ellensburg, WA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.