Is Centralia-Chehalis, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$367,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Centralia-Chehalis was $367,500 in April 2024, up 2.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $220K | -6.4% |
2 Bedrooms | $297.5K | $320K | +7.6% |
3 Bedrooms | $370K | $389.4K | +5.3% |
4 Bedrooms | $430K | $400K | -7.0% |
5+ Bedrooms | $450K | $580K | +28.9% |
Summary: Centralia-Chehalis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Cities
Chehalis | $395K | $449K | +13.7% |
Centralia | $340K | $370K | +8.8% |
Centralia-Chehalis | $359.9K | $367.5K | +2.1% |
Newaukum Prairie | $480K | $485K | +1.0% |
Logan Hill | $499.9K | $471K | -5.8% |
Housing Supply in Centralia-Chehalis, WA
How many homes are available in Centralia-Chehalis, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 138 | +31.4% |
Summary: The Centralia-Chehalis real estate market had 138 homes for sale in April 2024, a 31.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 21 | 27 | +28.6% |
3 Bedrooms | 54 | 78 | +44.4% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Centralia-Chehalis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Centralia-Chehalis in April 2024, up by 40.9% month-over-month. Of the 31 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 51 Days | +73.4% |
Summary: Homes in Centralia-Chehalis had an average of 51 days on market in Apr 2024, up by 73.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Centralia-Chehalis; 65% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.