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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
February 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 February 2026. Source: Realtor.com.

The CENTRALIA, WA real estate market (98531) currently shows 81 active listings, with 26 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 70 days on market compared to 73 days last year.

The median listing price has fallen 0.3% year-over-year, from $436,213 to $434,750.

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
81
⇩ 12.9% vs 93 last year
Pending
26
32% pending ratio
Median Price
$434,750
⇩ 0.3% vs $436,213 last year
Average Price
$540,196
⇧ 3.3% vs $523,096 last year
Days on Market
70
⇩ 4.1% vs 73 days last year

Price Per Square Foot

Median $/sqft
$268
⇧ 1.1% vs $265/sqft last year
Median Home Size
1,872 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 81 this year vs 93 last year
  • Days on market: 70 now vs 73 last year

Median & Average Pricing

Year over Year
  • Median: $434,750 (-0.3% YoY)
  • Average: $540,196 (+3.3% 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 — 349 listings ($219,383,078 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98531Centralia, WA 985310.0 mi76$40,976,692$430,000$539,167
98589Tenino, WA 985898.5 mi22$15,274,248$649,000$694,284
98579Rochester, WA 9857910.5 mi27$20,192,841$580,000$747,883
98576Rainier, WA 9857614.6 mi11$5,755,651$482,473$523,241
98512Olympia, WA 9851216.2 mi80$56,972,240$630,975$712,153
98596Winlock, WA 9859616.8 mi36$21,337,488$484,450$592,708
98539Doty, WA 9853918.4 mi1$1,999,900$1,999,900$1,999,900
98568Oakville, WA 9856820.4 mi6$3,155,460$450,000$525,910
98503Lacey, WA 9850320.7 mi65$39,112,645$501,475$601,733
98522Adna, WA 9852221.4 mi1$650,000$650,000$650,000
98538Curtis, WA 9853821.6 mi1$425,000$425,000$425,000
98591Toledo, WA 9859121.8 mi21$12,680,913$594,000$603,853
98585Silver Creek, WA 9858523.3 mi2$850,000$425,000$425,000

Frequently Asked Questions

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

As of February 2026, there are 81 active listings in CENTRALIA, WA (zip code 98531), compared to 93 the prior year.

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

The median listing price in CENTRALIA, WA 98531 is $434,750 as of February 2026, a 0.3% decrease from $436,213 the prior year.

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

Homes in CENTRALIA, WA 98531 spend an average of 70 days on the market before going under contract, compared to 73 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 February 2026, CENTRALIA, WA 98531 is currently a Seller's Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 70 days on market compared to 73 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 $8,695 compared to a typical 5% commission on the median listing price of $434,750. 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.