Centralia, IL metro area Housing Market
Cold MarketComprehensive housing market data for the Centralia, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$103K
↑ 21.0% YoY
Days on Market
63 days
↓ 43.2% YoY
Active Inventory
65
↓ 15.6% YoY
Homes Sold
22
↑ 46.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Centralia, IL metro area Market Summary
The Centralia, IL metro area housing market is cooling down. As of January 2026, the median home sale price is $103K, up 21.0% year-over-year. Homes are spending a median of 63 days on the market, 43.2% shorter than a year ago.
There are 65 homes for sale — 15.6% fewer than last year. With 3.0 months of supply, this is a seller's market. 18 new listings were added during this period, up 38.5% year-over-year.
Homes are selling for 93.2% of their list price on average, suggesting room for negotiation. 18.2% of homes sell above their asking price. 36.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 76% below the national median, which could indicate stronger cash flow potential.
Centralia, IL metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$120K
Price per Sq Ft
$74
Sale-to-List Ratio
93.2%
Months of Supply
3.0
Sold Above List
18.2%
Price Drops
36.9%
New Listings
18
↑ 38.5% YoY
Pending Sales
35
Off Market in 2 Weeks
11.4%
Other Markets in Illinois
Chicago, IL metro area
$348K · 70d on market
Lake County, IL metro area
$361K · 66d on market
Elgin, IL metro area
$356K · 71d on market
Peoria, IL metro area
$163K · 40d on market
Rockford, IL metro area
$215K · 28d on market
Springfield, IL metro area
$182K · 9d on market
Champaign, IL metro area
$227K · 57d on market
Bloomington, IL metro area
$237K · 54d on market
Analyze a deal in Centralia, IL metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.