Is Centennial Hills, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$434,895
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Centennial Hills have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Centennial Hills was $434,895 in April 2024, down 1.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $210K | -2.3% |
| 2 Bedrooms | $305K | $300.7K | -1.4% |
| 3 Bedrooms | $410.1K | $408.3K | -0.4% |
| 4 Bedrooms | $525K | $515K | -1.9% |
| 5+ Bedrooms | $650K | $701.6K | +7.9% |
Summary: Centennial Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Canyon Creek North | $465K | $520K | +11.8% |
| Centennial Hills | $439.5K | $434.8K | -1.1% |
Housing Supply in Centennial Hills, NV
How many homes are available in Centennial Hills, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,023 | 1,124 | +9.9% |
Summary: The Centennial Hills real estate market had 1,124 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 106 | 117 | +10.4% |
| 3 Bedrooms | 463 | 495 | +6.9% |
| 4 Bedrooms | 322 | 348 | +8.1% |
| 5+ Bedrooms | 127 | 159 | +25.2% |
Summary: The Centennial Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 25.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 271 | 289 | +6.6% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centennial Hills, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 289 homes were sold or pending in Centennial Hills in April 2024, up by 6.6% month-over-month. Of the 288 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 26 Days | -47.4% |
Summary: Homes in Centennial Hills had an average of 26 days on market in Apr 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
206 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centennial Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 289 homes were sold in Centennial Hills; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.