Is Centralia, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Centralia was a Seller's Market.
Housing Prices in Centralia, MO
How much do homes in Centralia, MO cost?
Median Sold Price
$190,000
$150/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Centralia was $190,000 in March 2024, the same as last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $161K | -2.4% |
3 Bedrooms | $199.9K | $210K | +5.1% |
4 Bedrooms | $231K | $263.5K | +14.1% |
5+ Bedrooms | $382.5K | - | N/A |
Summary: Centralia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Centralia | $185K | $192K | +3.8% |
Centralia Township | $187K | $192K | +2.7% |
Centralia | $190K | $190K | 0.0% |
Housing Supply in Centralia, MO
How many homes are available in Centralia, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Centralia real estate market had 20 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Centralia 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 increased by 300%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Centralia in March 2024, down by 40.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Centralia, MO
How long does it take to sell a home in Centralia, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 14 Days | -40.0% |
Summary: Homes in Centralia had an average of 14 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Centralia; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.