Is Centralia, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Centralia has remained a Seller's Market.
Key Takeaway
Centralia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centralia, MO
How much do homes in Centralia, MO cost?
Median Sold Price
$189,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Centralia have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Centralia was $189,000 in May 2024, down 4.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $158.7K | -3.8% |
| 3 Bedrooms | $210K | $225K | +7.1% |
| 4 Bedrooms | $231K | $290K | +25.5% |
| 5+ Bedrooms | $315K | - | N/A |
Summary: Centralia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Centralia | $197.4K | $189K | -4.3% |
| Centralia Township | $199.9K | $189K | -5.5% |
| Centralia | $199.9K | $183K | -8.5% |
Housing Supply in Centralia, MO
How many homes are available in Centralia, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Centralia real estate market had 23 homes for sale in May 2024, a 4.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Centralia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Centralia, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Centralia in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Centralia, MO
How long does it take to sell a home in Centralia, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 37 Days | +148.0% |
Summary: Homes in Centralia had an average of 37 days on market in May 2024, up by 148% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Centralia has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Centralia; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.