Is Centennial, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$665,761
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $276.1K | $288K | +4.3% |
2 Bedrooms | $406K | $415K | +2.2% |
3 Bedrooms | $560K | $550K | -1.8% |
4 Bedrooms | $706.2K | $705K | -0.2% |
5+ Bedrooms | $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 | $665K | $665.7K | 0.1% |
South Aurora | $481.4K | $480.2K | -0.2% |
Greenwood Village | $1.5M | $1.5M | -2.1% |
Lone Tree | $875K | $845K | -3.4% |
Housing Supply in Centennial, CO
How many homes are available in Centennial, CO?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
473 | 525 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 57 | 60 | +5.3% |
3 Bedrooms | 126 | 130 | +3.2% |
4 Bedrooms | 162 | 189 | +16.7% |
5+ Bedrooms | 121 | 139 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
138 | 128 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
11 Days | 21 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
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.