$2,791 Closing Credit*
$235,000
1,580 SqFt
2 Beds
•2 Full Baths
Griffin Anderson, Listing Office: Iron Gate Real Estate
Is Centralia, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$219,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,500(+14.9%)
Key Takeaway
Homes in Centralia have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Centralia was $219,500 in October 2024, up 14.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $162.5K | $124.2K | -23.5% |
| 3 Bedrooms | $201.4K | $232.5K | +15.4% |
| 4 Bedrooms | $210K | $326.9K | +55.7% |
| 5+ Bedrooms | $434.2K | $350K | -19.4% |
Summary: Centralia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 55.7%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Centralia | $191K | $219.5K | +14.9% |
| Centralia | $194K | $219.5K | +13.1% |
| Centralia Township | $194K | $219.5K | +13.1% |
Housing Supply in Centralia, MO
How many homes are available in Centralia, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The Centralia real estate market had 40 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Centralia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Centralia, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Centralia in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 3 Days | -90.2% |
Summary: Homes in Centralia had an average of 3 days on market in Oct 2024, down by 90.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centralia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Centralia; 100% of homes were sold within 30 days, 0% 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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.