$24,000
526 W 4th St
Centralia, IL
3 bd2 ba1,638 sqft$15/ft²
House6,970 sqft lot
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Sarah Mitchell
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Compass Real Estate · Centralia, IL
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Centralia, IL(512) 555-0184TX License #0512847
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Centralia, IL Housing Market
Seller's market+8.6% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Centralia, IL is worth $116,092, rose 8.6% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $97,500, +107.5% year over year (through May 2026). With 1.9 months of supply and homes going under contract in about 47 days, Centralia is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $116,092 home is about $597/mo in principal and interest.
Key numbers for Centralia, IL
Typical home value
$116,092
+8.6% in 12 months
Zillow, July 2026
Median sale price
$97,500
+107.5% year over year
Redfin, through May 2026
Days on market
47
Average pace
Redfin, through May 2026
Active listings
37
1.9 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$47,308
Home costs 2.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
88.0%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Centralia a buyer's or seller's market?
Seller's market1.9 months of supply47 days on market88.0% of asking
Centralia, IL is a seller's market, based on 1.9 months of supply and homes selling in about 47 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Centralia housing market data show?
Every row below is Redfin's final published month for Centralia, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $97,500 |
| Median list price | $139,450 |
| Year-over-year price change | +107.5% |
| Median price per sq ft | $66/sq ft |
| Median days on market | 47 days |
| Active inventory | 37 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 88.0% |
| Homes sold (that month) | 19 |
| New listings (that month) | 16 |
| Listings with a price cut | 46.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Centralia is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Centralia is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Centralia home prices moved?
Over the last three years the median sale price in Centralia, IL fell 1.9%, from $99,400 to $97,500. The live Zillow value series has rose 8.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 46.0% of Centralia listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.9 months while the sale-to-list ratio slips below its current 88.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Centralia?
Priced off the typical home value of $116,092 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $23,218 | $92,874 | $597/mo |
| 5% | $5,805 | $110,288 | $709/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $597, that implies roughly $25,579 a year before you add taxes and insurance. The median household in Centralia earns $47,308, about $21,729 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.5x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Centralia in the next 12 months?
Tell us your timeline. We send the Centralia market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Centralia?
Zillow does not publish a rent index (ZORI) for Centralia, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Centralia?
Active listings in Centralia, IL went from 36 in May 2025 to 37 in May 2026, a +2.8% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 41 | 14 |
| July 2025 | 48 | 18 |
| August 2025 | 52 | 16 |
| September 2025 | 48 | 16 |
| October 2025 | 51 | 19 |
| November 2025 | 51 | 13 |
| December 2025 | 48 | 10 |
| January 2026 | 31 | 6 |
| February 2026 | 35 | 9 |
| March 2026 | 41 | 19 |
| April 2026 | 36 | 11 |
| May 2026 | 37 | 16 |
Redfin, through May 2026
How does Centralia compare to Illinois and the U.S.?
Centralia homes sell for $97,500 — 71% below the Illinois median of $337,900. Against the national median of $410,700, Centralia runs 76% lower. Year-over-year, Centralia moved +107.5% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Centralia, IL | $97,500 | +107.5% | 47 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Centralia
What buyers should watch
- Months of supply, currently 1.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 46.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $112 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $116,092 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Centralia listing goes under contract in 47 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 88.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Centralia added 16 new listings against 19 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +8.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Centralia varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Centralia
There are currently 37 homes listed for sale in Centralia, Illinois. The median listing price is $139K. Featured listings range from $24,000 to $219,000.
$24,900
1025 E Noleman St
Centralia, IL
1 bd1 ba676 sqft$37/ft²
House4,792 sqft lot
View photos & details
$29,900
210 Rolston St
Centralia, IL
2 bd1 ba1,061 sqft$28/ft²
House20,778 sqft lot
View photos & details
$34,900
616 N Walnut St
Centralia, IL
2 bd1 ba976 sqft$36/ft²
House
View photos & details
$50,000
517 College Ave
Centralia, IL
1 bd1 ba924 sqft$54/ft²
House
View photos & details
$81,500
1740 Frazier Ave
Centralia, IL
1 bd1 ba1,074 sqft$76/ft²
House
View photos & details
$125,000
525 Kristy Dr
Centralia, IL
3 bd1 ba1,120 sqft$112/ft²
House
View photos & details
$145,000
23 Park Ln
Centralia, IL
2 bd1 ba1,025 sqft$141/ft²
House13,939 sqft lot
View photos & details
$168,900
418 Cedar St
Centralia, IL
4 bd2 ba1,793 sqft$94/ft²
House13,329 sqft lot
View photos & details
$185,000
640 Meadowbrook Ln
Centralia, IL
3 bd3 ba1,904 sqft$97/ft²
House10,929 sqft lot
View photos & details
$212,500
16 Edgewood Ln
Centralia, IL
3 bd2 ba1,496 sqft$142/ft²
House14,845 sqft lot
View photos & details
$219,000
2429 Overbeck Ln
Centralia, IL
3 bd1 ba1,371 sqft$160/ft²
House
View photos & details
Looking to buy in Centralia?
Get connected with a local real estate expert — free, no obligation.
Active listings
37
Homes on market
Median list price
$139K
Avg. days on market
47
Days until sale
New this week
16
Newly listed
Price drops:46.0%of listings
Sale-to-list:88.0%
How much do homes cost in Centralia by property type?
How the Centralia, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $116,750 | $77/sq ft | 18 | 47 days |
Who lives in Centralia?
American Community Survey estimates for Centralia. U.S. Census ACS, 2023
Population
12,009
Households
5,232
Median income
$47,308/yr
Median age
40 years
Owner-occupied
64.2%
Median home value
$81,600
Median gross rent
$775/mo
Mean commute
19.5 min
64.2% of occupied homes in Centralia are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $81,600 against Zillow's $116,092 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Centralia?
15 schools tracked · 2,802 students
The largest public schools serving Centralia, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Centralia High School
Grades 9-12 · 897 students
Centralia Jr High School
Grades 4-8 · 584 students
Central City Elem School
Grades PK-8 · 298 students
Schiller Elem School
Grades PK-1 · 251 students
Jordan Elem School
Grades 2-3 · 227 students
Raccoon Cons Elem School
Grades PK-8 · 202 students
Willow Grove Elem School
Grades PK-8 · 135 students
North Wamac Grade School
Grades K-8 · 132 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Centralia, IL?
Ordered by distance from Centralia, not by size. Compare Centralia side by side with any of them.
Centralia housing market FAQ
Is Centralia a buyer's or seller's market?
Centralia, IL is currently a seller's market. That read comes from 1.9 months of supply, homes going under contract in about 47 days, and sellers getting 88.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Centralia?
The typical home in Centralia, IL is worth $116,092 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $97,500, about $66 per square foot.
Is Centralia cheaper than the rest of Illinois?
Centralia's median sale price of $97,500 is 71% lower than the Illinois statewide median of $337,900, and 76% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Centralia?
Homes in Centralia, IL spent a median of 47 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Centralia?
At the current 30-year fixed rate of 6.66%, 20% down on a $116,092 home is about $597 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $25,579 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $47,308.
Are home prices rising in Centralia?
The typical home value in Centralia, IL rose 8.6% over the last 12 months, from $106,946 to $116,092 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Centralia?
Centralia ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Centralia?
That depends on your timeline, not on a headline. What the data says today: Centralia, IL is a seller's market with 1.9 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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