Is Centralia, 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, Centralia has remained a Seller's Market.
Housing Prices in Centralia, WA
How much do homes in Centralia, WA cost?
Median Sold Price
$370,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Centralia was $370,000 in May 2024, up 7.2% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $308K | +23.2% |
2 Bedrooms | $299K | $320K | +7.0% |
3 Bedrooms | $365K | $389.9K | +6.8% |
4 Bedrooms | $420K | $399.9K | -4.8% |
5+ Bedrooms | $417K | $592.5K | +42.1% |
Summary: Centralia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 42.1%.
Median Sold Price Compared To Nearby Cities
Chehalis | $402.5K | $449K | +11.6% |
Centralia | $345K | $370K | +7.2% |
Centralia-Chehalis | $360K | $369K | +2.5% |
Housing Supply in Centralia, WA
How many homes are available in Centralia, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 93 | +1.1% |
Summary: The Centralia real estate market had 93 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 58 | 57 | -1.7% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Centralia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Centralia in May 2024, up by 16.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 32% were sold at asking, and 29% were sold over asking.
Days on Market for Centralia, WA
How long does it take to sell a home in Centralia, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 42 Days | +25.3% |
Summary: Homes in Centralia had an average of 42 days on market in May 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Centralia; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.