Is Chehalis, WA 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, Chehalis was a Seller's Market.
Housing Prices in Chehalis, WA
How much do homes in Chehalis, WA cost?
Median Sold Price
$450,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chehalis was $450,000 in March 2024, up 22% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $404.2K | +118.5% |
2 Bedrooms | $295.5K | $325K | +10.0% |
3 Bedrooms | $382.5K | $450K | +17.6% |
4 Bedrooms | $417K | $475K | +13.9% |
5+ Bedrooms | $499.9K | $631.2K | +26.3% |
Summary: Chehalis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 26.3%.
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 Chehalis, WA
How many homes are available in Chehalis, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 112 | +10.9% |
Summary: The Chehalis real estate market had 112 homes for sale in March 2024, a 10.9% 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 | 16 | 13 | -18.8% |
3 Bedrooms | 56 | 60 | +7.1% |
4 Bedrooms | 21 | 30 | +42.9% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 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 decreased by 18.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Chehalis in March 2024, down by 15.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 45 Days | -36.6% |
Summary: Homes in Chehalis had an average of 45 days on market in Mar 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Chehalis; 69% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.