Is Centralia-Chehalis, 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-Chehalis has remained a Seller's Market.
Housing Prices in Centralia-Chehalis, WA
How much do homes in Centralia-Chehalis, WA cost?
Median Sold Price
$370,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Centralia-Chehalis was $370,000 in March 2024, up 3.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232K | $332K | +43.1% |
2 Bedrooms | $300K | $317.5K | +5.8% |
3 Bedrooms | $371.6K | $389.4K | +4.8% |
4 Bedrooms | $443K | $411K | -7.2% |
5+ Bedrooms | $474.9K | $525K | +10.5% |
Summary: Centralia-Chehalis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 10.5%.
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% |
Newaukum Prairie | $476K | $482.5K | +1.4% |
Logan Hill | $512.4K | $459.5K | -10.3% |
Housing Supply in Centralia-Chehalis, WA
How many homes are available in Centralia-Chehalis, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 108 | +9.1% |
Summary: The Centralia-Chehalis real estate market had 108 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 58 | 57 | -1.7% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Centralia-Chehalis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Centralia-Chehalis in March 2024, down by 9.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.
Days on Market for Centralia-Chehalis, WA
How long does it take to sell a home in Centralia-Chehalis, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 48 Days | -3.4% |
Summary: Homes in Centralia-Chehalis had an average of 48 days on market in Mar 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Centralia-Chehalis; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.