Is Centralia-Chehalis, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centralia-Chehalis is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Centralia-Chehalis has remained a Seller's Market.

Key Takeaway

Centralia-Chehalis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Centralia-Chehalis, WA

How much do homes in Centralia-Chehalis, WA cost?

Median Sold Price

$360,000

$249/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in Centralia-Chehalis has remained the same since last year.

Summary: The median home sold price in Centralia-Chehalis was $360,000 in October 2024, the same as last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $444K$220K
-50.5%
2 $310K$310K
0.0%
3 $369.7K$382.7K
+3.5%
4 $440K$410.1K
-6.8%
5+ $508.9K$539.8K
+6.1%

Summary: Centralia-Chehalis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Logan Hill
+8.3%
Chehalis
+2.0%
Centralia
+1.5%
Centralia-Chehalis
0.0%
Newaukum Prairie
-12.5%

Housing Supply in Centralia-Chehalis, WA

How many homes are available in Centralia-Chehalis, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
150162+8.0%

Summary: The Centralia-Chehalis real estate market had 162 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3028
-6.7%
3 8096
+20.0%
4 3127
-12.9%
5+ 810
+25.0%

Summary: The Centralia-Chehalis 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 decreased by 6.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3133+6.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centralia-Chehalis, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Centralia-Chehalis in October 2024, up by 6.5% month-over-month. Of the 33 sold homes, 36% were sold under asking, 24% were sold at asking, and 39% 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

Oct 2023Oct 2024CHANGE
38 Days73 Days+92.1%

Summary: Homes in Centralia-Chehalis had an average of 73 days on market in Oct 2024, up by 92.1% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Centralia-Chehalis are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 33 homes were sold in Centralia-Chehalis; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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