Is Centennial, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centennial is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Centennial has remained a Seller's Market.

Key Takeaway

Centennial is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Centennial, CO

How much do homes in Centennial, CO cost?

Median Sold Price

$665,761

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$695(+0.1%)

Key Takeaway

The sold price of homes in Centennial has remained the same since last year.

Summary: The median home sold price in Centennial was $665,761 in June 2024, up 0.1% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $276.1K$288K
+4.3%
2 $406K$415K
+2.2%
3 $560K$550K
-1.8%
4 $706.2K$705K
-0.2%
5+ $850K$830K
-2.4%

Summary: Centennial housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Centennial
0.1%
South Aurora
-0.2%
Greenwood Village
-2.1%
Lone Tree
-3.4%

Housing Supply in Centennial, CO

How many homes are available in Centennial, CO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
473525+11.0%

Summary: The Centennial real estate market had 525 homes for sale in June 2024, a 11.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 77
0.0%
2 5760
+5.3%
3 126130
+3.2%
4 162189
+16.7%
5+ 121139
+14.9%

Summary: The Centennial housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
138128-7.2%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centennial, you may be able to get a good deal. 39.8% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Centennial in June 2024, down by 7.2% month-over-month. Of the 128 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for Centennial, CO

How long does it take to sell a home in Centennial, CO?

Average Sale Time

Jun 2023Jun 2024CHANGE
11 Days21 Days+89.8%

Summary: Homes in Centennial had an average of 21 days on market in Jun 2024, up by 89.8% compared to last year.

Breakdown of Home Sale Times

103 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Centennial are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 128 homes were sold in Centennial; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Centennial, CO

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