$10,000 Closing Credit*
$983,000
1,926 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeff Thompson, Listing Office: COMPASS
Is Central, WA 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, Central has remained a Seller's Market.
Key Takeaway
Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central, WA
How much do homes in Central, WA cost?
Median Sold Price
$930,000
$587/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,500(+7.5%)
Key Takeaway
Homes in Central have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Central was $930,000 in October 2024, up 7.5% from last year, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $375K | -1.3% |
| 2 Bedrooms | $679K | $737K | +8.5% |
| 3 Bedrooms | $950K | $972.5K | +2.4% |
| 4 Bedrooms | $1.3M | $1.5M | +13.6% |
| 5+ Bedrooms | $1.9M | $1.6M | -13.4% |
Summary: Central housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in Central, WA
How many homes are available in Central, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 188 | +22.1% |
Summary: The Central real estate market had 188 homes for sale in October 2024, a 22.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 23 | +53.3% |
| 2 Bedrooms | 40 | 59 | +47.5% |
| 3 Bedrooms | 65 | 69 | +6.2% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Central housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 47 | +80.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Central in October 2024, up by 80.8% month-over-month. Of the 47 sold homes, 43% were sold under asking, 34% were sold at asking, and 23% were sold over asking.
Days on Market for Central, WA
How long does it take to sell a home in Central, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 39 Days | +4.5% |
Summary: Homes in Central had an average of 39 days on market in Oct 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Central; 57% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.