Is Centennial Hills, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centennial Hills is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Centennial Hills, NV

How much do homes in Centennial Hills, NV cost?

Median Sold Price

$439,866

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,085(+2.1%)

Key Takeaway

Homes in Centennial Hills have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Centennial Hills was $439,866 in May 2024, up 2.1% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $215K$205K
-4.7%
2 $300K$305.2K
+1.7%
3 $404.5K$410K
+1.4%
4 $518K$515K
-0.6%
5+ $650K$689.9K
+6.2%

Summary: Centennial Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 6.2%.

Housing Supply in Centennial Hills, NV

How many homes are available in Centennial Hills, NV?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,1181,193+6.7%

Summary: The Centennial Hills real estate market had 1,193 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 55
0.0%
2 124137
+10.5%
3 489504
+3.1%
4 356387
+8.7%
5+ 144160
+11.1%

Summary: The Centennial Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
301334+11.0%

Asking Price vs. Sold Price

148 Homes Were Sold
Under Asking

96 Homes Were Sold
At Asking

90 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centennial Hills, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

Summary: A total of 334 homes were sold or pending in Centennial Hills in May 2024, up by 11.0% month-over-month. Of the 334 sold homes, 44% were sold under asking, 29% were sold at asking, and 27% were sold over asking.

Days on Market for Centennial Hills, NV

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

Average Sale Time

May 2023May 2024CHANGE
41 Days28 Days-30.8%

Summary: Homes in Centennial Hills had an average of 28 days on market in May 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

233 Homes Were Sold
Under 30 Days

77 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 334 homes were sold in Centennial Hills; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% 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 19 Days Ago

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