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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centralia Township is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Centralia Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Centralia Township, IL

How much do homes in Centralia Township, IL cost?

Median Sold Price

$98,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,000(+8.9%)

Key Takeaway

Homes in Centralia Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Centralia Township was $98,000 in March 2024, up 8.9% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $17K$32.7K
+92.6%
2 $63.9K$67K
+4.8%
3 $114.6K$110K
-4.0%
4 $68.4K$134K
+95.8%
5+ $174.5K$230K
+31.8%

Summary: Centralia Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 95.8%, and 5+ bedroom homes increased by 31.8%.

Median Sold Price Compared To Nearby Cities

Centralia
+9.7%
Centralia Township
+8.9%
Centralia
+8.3%

Housing Supply in Centralia Township, IL

How many homes are available in Centralia Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5347-11.3%

Summary: The Centralia Township real estate market had 47 homes for sale in March 2024, a 11.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1917
-10.5%
3 2120
-4.8%
4 97
-22.2%
5+ 43
-25.0%

Summary: The Centralia Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1019+90.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centralia Township, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Centralia Township in March 2024, up by 90.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 42% were sold at asking, and 5% were sold over asking.

Days on Market for Centralia Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
78 Days26 Days-65.9%

Summary: Homes in Centralia Township had an average of 26 days on market in Mar 2024, down by 65.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 19 homes were sold in Centralia Township; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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 24 Days Ago

Newest Listings in Centralia Township, IL

Nearby Markets to Centralia Township, IL

What housing markets are near Centralia Township, IL?