Is Chehalis, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chehalis is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Chehalis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chehalis, WA

How much do homes in Chehalis, WA cost?

Median Sold Price

$444,500

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$9,500(+2.2%)

Key Takeaway

Homes in Chehalis have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Chehalis was $444,500 in September 2024, up 2.2% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $185K$297.5K
+60.8%
2 $330K$331K
0.3%
3 $440K$460K
+4.5%
4 $460K$475K
+3.3%
5+ $599.9K$610K
+1.7%

Summary: Chehalis housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.8%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Chehalis
+2.2%
Centralia
+1.4%
Centralia-Chehalis
-1.4%

Housing Supply in Chehalis, WA

How many homes are available in Chehalis, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
127121-4.7%

Summary: The Chehalis real estate market had 121 homes for sale in September 2024, a 4.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2015
-25.0%
3 6867
-1.5%
4 3636
0.0%
5+ 33
0.0%

Summary: The Chehalis housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2612-53.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chehalis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Chehalis in September 2024, down by 53.8% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.

Days on Market for Chehalis, WA

How long does it take to sell a home in Chehalis, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
37 Days94 Days+150.0%

Summary: Homes in Chehalis had an average of 94 days on market in Sep 2024, up by 150% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chehalis are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 12 homes were sold in Chehalis; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 42% 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 30 Days Ago

Newest Listings in Chehalis, WA

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What housing markets are near Chehalis, WA?