Is Centennial, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centennial is a 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, CO

How much do homes in Centennial, CO cost?

Median Sold Price

$675,000

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,760(+1.2%)

Key Takeaway

Homes in Centennial have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Centennial was $675,000 in April 2024, up 1.2% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $235.6K$288K
+22.2%
2 $410K$420K
+2.4%
3 $573.5K$550K
-4.1%
4 $710K$728.5K
+2.6%
5+ $849.9K$835K
-1.8%

Summary: Centennial housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Greenwood Village
+15.4%
Lone Tree
+1.3%
Centennial
+1.2%
South Aurora
-2.3%

Housing Supply in Centennial, CO

How many homes are available in Centennial, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
262378+44.3%

Summary: The Centennial real estate market had 378 homes for sale in April 2024, a 44.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 35
+66.7%
2 2743
+59.3%
3 75105
+40.0%
4 89127
+42.7%
5+ 6898
+44.1%

Summary: The Centennial housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 59.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes increased by 44.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
60114+90.0%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

49 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centennial, you could pay more than the asking price. 43% of homes here sold above asking price last month.

Summary: A total of 114 homes were sold or pending in Centennial in April 2024, up by 90.0% month-over-month. Of the 114 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% 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

Apr 2023Apr 2024CHANGE
12 Days19 Days+52.0%

Summary: Homes in Centennial had an average of 19 days on market in Apr 2024, up by 52% compared to last year.

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 114 homes were sold in Centennial; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

Newest Listings in Centennial, CO

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