Is Centralia, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centralia is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Centralia has remained a Neutral Market.

Key Takeaway

Centralia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Centralia, IL

How much do homes in Centralia, IL cost?

Median Sold Price

$97,000

$67/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,000(+7.8%)

Key Takeaway

Homes in Centralia have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Centralia was $97,000 in April 2024, up 7.8% from last year, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $17K$32.7K
+92.6%
2 $68K$68.4K
+0.7%
3 $115K$100K
-13.0%
4 $77.2K$142K
+83.8%
5+ $159.7K$189.9K
+18.9%

Summary: Centralia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 83.8%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Cities

Centralia
+11.8%
Brookside Township
+10.0%
Centralia Township
+9.5%
Centralia
+7.8%

Housing Supply in Centralia, IL

How many homes are available in Centralia, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4951+4.1%

Summary: The Centralia real estate market had 51 homes for sale in April 2024, a 4.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1914
-26.3%
3 2028
+40.0%
4 88
0.0%
5+ 21
-50.0%

Summary: The Centralia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.3%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
198-57.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centralia, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Centralia in April 2024, down by 57.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.

Days on Market for Centralia, IL

How long does it take to sell a home in Centralia, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days14 Days-57.1%

Summary: Homes in Centralia had an average of 14 days on market in Apr 2024, down by 57.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Centralia; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Centralia, IL

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