Is Chehalis, 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, Chehalis has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $297.5K | +60.8% |
2 Bedrooms | $317.5K | $320K | +0.8% |
3 Bedrooms | $409.7K | $449K | +9.6% |
4 Bedrooms | $421K | $480K | +14.0% |
5+ Bedrooms | $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 | $402.5K | $449K | +11.6% |
Centralia | $345K | $370K | +7.2% |
Centralia-Chehalis | $360K | $369K | +2.5% |
Housing Supply in Chehalis, WA
How many homes are available in Chehalis, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 119 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 65 | 70 | +7.7% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 7 | 6 | -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 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 76 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
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.