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 May 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

$671,640

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,440(+1.0%)

Key Takeaway

Homes in Centennial have sold for 1% more than they did a year ago.

Summary: The median home sold price in Centennial was $671,640 in May 2024, up 1% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $287.6K$286K
-0.6%
2 $403K$420K
+4.2%
3 $569.9K$550K
-3.5%
4 $704.1K$725K
+3.0%
5+ $854K$822K
-3.7%

Summary: Centennial housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Greenwood Village
+6.5%
Centennial
+1.0%
South Aurora
-0.2%
Lone Tree
-5.6%

Housing Supply in Centennial, CO

How many homes are available in Centennial, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
390483+23.8%

Summary: The Centennial real estate market had 483 homes for sale in May 2024, a 23.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 47
+75.0%
2 4764
+36.2%
3 108130
+20.4%
4 136160
+17.6%
5+ 95122
+28.4%

Summary: The Centennial housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 36.2%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 28.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
115135+17.4%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

60 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. 44.4% of homes here sold above asking price last month.

Summary: A total of 135 homes were sold or pending in Centennial in May 2024, up by 17.4% month-over-month. Of the 135 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% 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

May 2023May 2024CHANGE
14 Days16 Days+7.6%

Summary: Homes in Centennial had an average of 16 days on market in May 2024, up by 7.6% compared to last year.

Breakdown of Home Sale Times

109 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

4 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 May 2024, 135 homes were sold in Centennial; 81% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Centennial, CO

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