Is Chehalis, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chehalis is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Chehalis has remained a Seller's Market.

Key Takeaway

Chehalis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chehalis, WA

How much do homes in Chehalis, WA cost?

Median Sold Price

$449,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$46,500(+11.6%)

Key Takeaway

Homes in Chehalis have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Chehalis was $449,000 in May 2024, up 11.6% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $185K$297.5K
+60.8%
2 $317.5K$320K
+0.8%
3 $409.7K$449K
+9.6%
4 $421K$480K
+14.0%
5+ $579.9K$610K
+5.2%

Summary: Chehalis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Chehalis
+11.6%
Centralia
+7.2%
Centralia-Chehalis
+2.5%

Housing Supply in Chehalis, WA

How many homes are available in Chehalis, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
116119+2.6%

Summary: The Chehalis real estate market had 119 homes for sale in May 2024, a 2.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 1211
-8.3%
3 6570
+7.7%
4 3031
+3.3%
5+ 76
-14.3%

Summary: The Chehalis 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 decreased by 8.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2527+8.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chehalis, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Chehalis in May 2024, up by 8.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.

Days on Market for Chehalis, WA

How long does it take to sell a home in Chehalis, WA?

Average Sale Time

May 2023May 2024CHANGE
53 Days76 Days+41.9%

Summary: Homes in Chehalis had an average of 76 days on market in May 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chehalis are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 27 homes were sold in Chehalis; 52% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Chehalis, WA

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