Is Centralia, MO 65240 a buyer’s or seller’s market?
Centralia is a seller’s market. With about 2.8 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 22% of U.S. ZIP codes, and #223 of 263 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Centralia housing market right now
In the three months ending August 31, 2026, 0% of homes in Centralia, MO 65240 sold above their list price, the typical home went under contract in 32 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 34 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (63 days then) and the median sale price fell 8% to $229,891. Overall, Centralia is more competitive than a year ago, so tougher for buyers.
Within Audrain County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Centralia ranks #223 of 263 MO ZIP codes with enough sales (score 27 out of 100).
Nearby, Vandalia 63382 (14% sold over asking) and Mexico 65265 (3% sold over asking) are even more competitive.
Run the numbers for 65240
Nearby markets
Benton City 65232 $78 /sq ftLaddonia 63352Buyer’s market $115 /sq ftMartinsburg 65264Seller’s market $37 /sq ftMexico 65265Seller’s market $138 /sq ft Browse all markets →Towns like Centralia nearby
Find towns like Centralia in other states →Where Centralia is
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Questions about Centralia real estate
Is Centralia a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Centralia, MO 65240 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Centralia?
The typical home went under contract in 32 days in the latest three months.
Do homes in Centralia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Centralia?
About 0.79% of a home’s value a year in Audrain County, or roughly $3,160 on a $400,000 home.
What is the median home price in Centralia?
The median sale price was $229,891 in the three months ending August 31, 2026, about $183 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology