Is Centralia, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Centralia was a Seller's Market.
Housing Prices in Centralia, IL
How much do homes in Centralia, IL cost?
Median Sold Price
$97,500
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Centralia was $97,500 in May 2024, up 8.3% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $17K | $32.7K | +92.6% |
2 Bedrooms | $65K | $67K | +3.1% |
3 Bedrooms | $115K | $103K | -10.4% |
4 Bedrooms | $104.9K | $134K | +27.7% |
5+ Bedrooms | $106K | $230K | +117.0% |
Summary: Centralia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 117%.
Median Sold Price Compared To Nearby Cities
Centralia | $89K | $97.7K | +9.8% |
Centralia Township | $89.5K | $98K | +9.5% |
Brookside Township | $90K | $98K | +8.9% |
Centralia | $90K | $97.5K | +8.3% |
Housing Supply in Centralia, IL
How many homes are available in Centralia, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 67 | +34.0% |
Summary: The Centralia real estate market had 67 homes for sale in May 2024, a 34.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 20 | +53.8% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Centralia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Centralia in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Centralia, IL
How long does it take to sell a home in Centralia, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 28 Days | -39.4% |
Summary: Homes in Centralia had an average of 28 days on market in May 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Centralia; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.