Is Centralia, IL 62801 a buyer’s or seller’s market?

The Centralia housing market right now

In the three months ending August 31, 2026, 15% of homes in Centralia, IL 62801 sold above their list price, the typical home went under contract in 43 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 41 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (45 days then) and the median sale price fell 11% to $124,946. Overall, Centralia is less competitive than a year ago, which gives buyers more room.

Within Marion County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Centralia ranks #448 of 464 IL ZIP codes with enough sales (score 29 out of 100).

Nearby, buyers who want less competition could look at Sandoval 62882 (0% sold over asking) or Kinmundy 62854 (0% sold over asking), while Odin 62870 (50% sold over asking) and Patoka 62875 (50% sold over asking) are even more competitive.