Is Central, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central has remained a Seller's Market.
Housing Prices in Central, WA
How much do homes in Central, WA cost?
Median Sold Price
$898,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central was $898,000 in May 2024, down 0.2% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $374.5K | $394K | +5.2% |
2 Bedrooms | $700K | $699.9K | 0% |
3 Bedrooms | $942.5K | $975K | +3.4% |
4 Bedrooms | $1.4M | $1.4M | -1.5% |
5+ Bedrooms | $1.8M | $1.5M | -14.4% |
Summary: Central housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in Central, WA
How many homes are available in Central, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
146 | 183 | +25.3% |
Summary: The Central real estate market had 183 homes for sale in May 2024, a 25.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 41 | 52 | +26.8% |
3 Bedrooms | 52 | 68 | +30.8% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Central housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Central in May 2024, down by 12.8% month-over-month. Of the 41 sold homes, 37% were sold under asking, 37% were sold at asking, and 27% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +10.1% |
Summary: Homes in Central had an average of 29 days on market in May 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Central; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.