Is Centralia, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centralia is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Centralia has remained a Neutral Market.

Key Takeaway

Centralia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Centralia, IL

How much do homes in Centralia, IL cost?

Median Sold Price

$97,250

$67/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,250(+11.8%)

Key Takeaway

Homes in Centralia have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Centralia was $97,250 in April 2024, up 11.8% from last year, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $17K$32.7K
+92.6%
2 $63.5K$68.4K
+7.8%
3 $96K$100K
+4.2%
4 $72K$142K
+97.2%
5+ $120.4K$230K
+90.9%

Summary: Centralia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 97.2%, and 5+ bedroom homes increased by 90.9%.

Median Sold Price Compared To Nearby Cities

Centralia
+11.8%
Centralia Township
+9.5%
Centralia
+7.8%

Housing Supply in Centralia, IL

How many homes are available in Centralia, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5051+2.0%

Summary: The Centralia real estate market had 51 homes for sale in April 2024, a 2.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1813
-27.8%
3 2028
+40.0%
4 99
0.0%
5+ 31
-66.7%

Summary: The Centralia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
208-60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centralia, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Centralia in April 2024, down by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.

Days on Market for Centralia, IL

How long does it take to sell a home in Centralia, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days14 Days-57.1%

Summary: Homes in Centralia had an average of 14 days on market in Apr 2024, down by 57.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Centralia; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 9 Days Ago

Newest Listings in Centralia, IL

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