Is Centralia, IL 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, Centralia has remained a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $17K | $32.7K | +92.6% |
2 Bedrooms | $63.5K | $68.4K | +7.8% |
3 Bedrooms | $96K | $100K | +4.2% |
4 Bedrooms | $72K | $142K | +97.2% |
5+ Bedrooms | $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 | $87K | $97.2K | +11.8% |
Centralia Township | $89.2K | $97.7K | +9.5% |
Centralia | $90K | $97K | +7.8% |
Housing Supply in Centralia, IL
How many homes are available in Centralia, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 51 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 13 | -27.8% |
3 Bedrooms | 20 | 28 | +40.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 3 | 1 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 8 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 14 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
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.