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Cooks Hill (Cook's Hill) Downtown Edison (Edison Historic District) Ford Prairie (Fords Prairie) Historic District (Centralia Downtown Historic Distric) Hunter's Walk (Hunters Walk) Logan Salzer Creek (Salzer Flats) Scammon Creek Seminary Hill Washington's Addition Waunch Prairie Widgeon Hill Winterwood Estates (Winter Wood Estates)

CENTRALIA, WA 98531

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98531

Cooks Hill (Cook's Hill) · Downtown · Edison (Edison Historic District) · Ford Prairie (Fords Prairie) · Historic District (Centralia Downtown Historic Distric) · Hunter's Walk (Hunters Walk) · Logan · Salzer Creek (Salzer Flats) · Scammon Creek · Seminary Hill · Washington's Addition · Waunch Prairie · Widgeon Hill · Winterwood Estates (Winter Wood Estates)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The CENTRALIA, WA real estate market (98531) currently shows 95 active listings, with 38 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 46 days on market compared to 64 days last year.

The median listing price has risen 6.3% year-over-year, from $430,000 to $457,275.

Whether you are buying or selling in CENTRALIA, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 26,931  ·  Density: 80.5/mi²  ·  Median household income: $57,961

Typical home value: $267,206  ·  Homeownership: 62.6%

Market Overview

Active Listings
95
⇩ 3.1% vs 98 last year
Pending
38
40% pending ratio
Median Price
$457,275
⇧ 6.3% vs $430,000 last year
Average Price
$540,911
⇧ 7.8% vs $501,678 last year
Days on Market
46
⇩ 28.1% vs 64 days last year

Price Per Square Foot

Median $/sqft
$274
⇧ 3% vs $266/sqft last year
Median Home Size
1,751 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 95 this year vs 98 last year
  • Days on market: 46 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $457,275 (+6.3% YoY)
  • Average: $540,911 (+7.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.3 miles — 352 listings ($211,217,842 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98531Centralia, WA 985310.0 mi81$43,755,876$434,750$540,196
98589Tenino, WA 985898.5 mi23$15,675,351$661,975$681,537
98579Rochester, WA 9857910.5 mi27$24,422,715$712,450$904,545
98576Rainier, WA 9857614.6 mi13$6,669,195$491,246$513,015
98512Olympia, WA 9851216.2 mi66$41,678,076$603,000$631,486
98596Winlock, WA 9859616.8 mi43$25,561,307$482,500$594,449
98539Doty, WA 9853918.4 mi1$1,999,900$1,999,900$1,999,900
98568Oakville, WA 9856820.4 mi5$2,589,550$430,000$517,910
98503Lacey, WA 9850320.7 mi66$33,701,052$511,249$510,622
98522Adna, WA 9852221.4 mi2$1,430,000$715,000$715,000
98538Curtis, WA 9853821.6 mi4$1,825,000$487,500$456,250
98591Toledo, WA 9859121.8 mi20$11,484,820$562,975$574,241
98585Silver Creek, WA 9858523.3 mi1$425,000$425,000$425,000

Frequently Asked Questions

How many homes are for sale in CENTRALIA, WA 98531?

As of March 2026, there are 95 active listings in CENTRALIA, WA (zip code 98531), compared to 98 the prior year.

What is the median home price in CENTRALIA, WA 98531?

The median listing price in CENTRALIA, WA 98531 is $457,275 as of March 2026, a 6.3% increase from $430,000 the prior year.

How long do homes stay on the market in CENTRALIA, WA?

Homes in CENTRALIA, WA 98531 spend an average of 46 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in CENTRALIA, WA 98531?

Based on current inventory and days-on-market data as of March 2026, CENTRALIA, WA 98531 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 46 days on market compared to 64 days last year.

How much can I save on real estate commission in CENTRALIA, WA?

With SELL123.com's maximum 3% commission, sellers in CENTRALIA, WA 98531 save an estimated $9,146 compared to a typical 5% commission on the median listing price of $457,275. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.