Is Centralia, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Centralia has remained a Seller's Market.
Housing Prices in Centralia, WA
How much do homes in Centralia, WA cost?
Median Sold Price
$368,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Centralia was $368,000 in March 2024, up 8% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $387K | +64.7% |
2 Bedrooms | $300K | $322.5K | +7.5% |
3 Bedrooms | $365K | $389K | +6.6% |
4 Bedrooms | $430K | $400K | -7.0% |
5+ Bedrooms | $450K | $495.5K | +10.1% |
Summary: Centralia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Chehalis | $369K | $450K | +22.0% |
Centralia | $340.6K | $368K | +8.0% |
Centralia-Chehalis | $358.2K | $370K | +3.3% |
Housing Supply in Centralia, WA
How many homes are available in Centralia, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The Centralia real estate market had 74 homes for sale in March 2024, a 13.8% 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 | 12 | 15 | +25.0% |
3 Bedrooms | 41 | 44 | +7.3% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 2 | 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 25%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Centralia in March 2024, down by 6.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Centralia, WA
How long does it take to sell a home in Centralia, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 58 Days | +66.2% |
Summary: Homes in Centralia had an average of 58 days on market in Mar 2024, up by 66.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Centralia; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.