Is Centennial, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Centennial has remained a Seller's Market.
Housing Prices in Centennial, CO
How much do homes in Centennial, CO cost?
Median Sold Price
$648,258
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Centennial was $648,258 in March 2024, up 0.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $287K | +14.8% |
2 Bedrooms | $409.6K | $411.4K | 0.4% |
3 Bedrooms | $567.5K | $551.5K | -2.8% |
4 Bedrooms | $690K | $700K | +1.4% |
5+ Bedrooms | $808.1K | $814.3K | +0.8% |
Summary: Centennial housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Greenwood Village | $1.4M | $1.5M | +10.7% |
Lone Tree | $790K | $825K | +4.4% |
Centennial | $644.5K | $648.2K | +0.6% |
South Aurora | $478.5K | $469.7K | -1.8% |
Housing Supply in Centennial, CO
How many homes are available in Centennial, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
458 | 547 | +19.4% |
Summary: The Centennial real estate market had 547 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 59 | 68 | +15.3% |
3 Bedrooms | 131 | 153 | +16.8% |
4 Bedrooms | 159 | 182 | +14.5% |
5+ Bedrooms | 104 | 140 | +34.6% |
Summary: The Centennial housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 34.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 184 | +42.6% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
90 Homes Were Sold
Over Asking
Summary: A total of 184 homes were sold or pending in Centennial in March 2024, up by 42.6% month-over-month. Of the 184 sold homes, 27% were sold under asking, 24% were sold at asking, and 49% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 24 Days | -44.0% |
Summary: Homes in Centennial had an average of 24 days on market in Mar 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 184 homes were sold in Centennial; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.