Is Central, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central has remained a Seller's Market.
Housing Prices in Central, WA
How much do homes in Central, WA cost?
Median Sold Price
$885,250
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central was $885,250 in April 2024, down 4.3% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $367K | -2.8% |
2 Bedrooms | $719K | $689.9K | -4.0% |
3 Bedrooms | $950K | $977.4K | +2.9% |
4 Bedrooms | $1.4M | $1.4M | -1.0% |
5+ Bedrooms | $1.8M | $1.5M | -14.4% |
Summary: Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 156 | +13.9% |
Summary: The Central real estate market had 156 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 16 | +14.3% |
2 Bedrooms | 45 | 45 | 0.0% |
3 Bedrooms | 50 | 57 | +14.0% |
4 Bedrooms | 18 | 26 | +44.4% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 48 | +45.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Central in April 2024, up by 45.5% month-over-month. Of the 48 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 37 Days | +35.3% |
Summary: Homes in Central had an average of 37 days on market in Apr 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Central; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.