Is Central, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central has remained a Seller's Market.
Key Takeaway
Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central, WA
How much do homes in Central, WA cost?
Median Sold Price
$898,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Central has remained the same since last year.
Summary: The median home sold price in Central was $898,000 in May 2024, down 0.2% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $374.5K | $394K | +5.2% |
| 2 Bedrooms | $700K | $699.9K | 0% |
| 3 Bedrooms | $942.5K | $975K | +3.4% |
| 4 Bedrooms | $1.4M | $1.4M | -1.5% |
| 5+ Bedrooms | $1.8M | $1.5M | -14.4% |
Summary: Central housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in Central, WA
How many homes are available in Central, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 | 183 | +25.3% |
Summary: The Central real estate market had 183 homes for sale in May 2024, a 25.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 16 | +6.7% |
| 2 Bedrooms | 41 | 52 | +26.8% |
| 3 Bedrooms | 52 | 68 | +30.8% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Central housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central, you may be able to get a good deal. 36.6% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Central in May 2024, down by 12.8% month-over-month. Of the 41 sold homes, 37% were sold under asking, 37% were sold at asking, and 27% were sold over asking.
Days on Market for Central, WA
How long does it take to sell a home in Central, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +10.1% |
Summary: Homes in Central had an average of 29 days on market in May 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 41 homes were sold in Central; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.