Is Centennial, OR 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 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, OR
How much do homes in Centennial, OR cost?
Median Sold Price
$399,925
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Centennial have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Centennial was $399,925 in April 2024, down 1.3% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $307K | N/A |
| 2 Bedrooms | $335K | $310K | -7.5% |
| 3 Bedrooms | $400K | $400K | 0.0% |
| 4 Bedrooms | $447K | $449K | 0.4% |
| 5+ Bedrooms | $510.2K | $509.5K | -0.1% |
Summary: Centennial housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in Centennial, OR
How many homes are available in Centennial, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 65 | +16.1% |
Summary: The Centennial real estate market had 65 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Centennial 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 42.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 23 | +64.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centennial, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Centennial in April 2024, up by 64.3% month-over-month. Of the 23 sold homes, 30% were sold under asking, 22% were sold at asking, and 48% were sold over asking.
Days on Market for Centennial, OR
How long does it take to sell a home in Centennial, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 29 Days | -32.9% |
Summary: Homes in Centennial had an average of 29 days on market in Apr 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centennial are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Centennial; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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