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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Centralia-Chehalis was a Seller's Market.

Key Takeaway

Centralia-Chehalis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Centralia-Chehalis, WA

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

Median Sold Price

$360,000

$255/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 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 November 2024, the same as last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $444K$220K
-50.5%
2 $310K$313K
+1.0%
3 $369.5K$385K
+4.2%
4 $435K$420K
-3.4%
5+ $499.9K$431.8K
-13.6%

Summary: Centralia-Chehalis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Cities

Logan Hill
+7.5%
Centralia
+2.8%
Chehalis
+1.4%
Centralia-Chehalis
0.0%

Housing Supply in Centralia-Chehalis, WA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
158147-7.0%

Summary: The Centralia-Chehalis real estate market had 147 homes for sale in November 2024, a 7.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 2827
-3.6%
3 9485
-9.6%
4 2624
-7.7%
5+ 99
0.0%

Summary: The Centralia-Chehalis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3710-73.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centralia-Chehalis, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Centralia-Chehalis in November 2024, down by 73.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
30 Days44 Days+46.5%

Summary: Homes in Centralia-Chehalis had an average of 44 days on market in Nov 2024, up by 46.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Centralia-Chehalis has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Centralia-Chehalis; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

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