Is Centennial, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Centennial has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.6K | $286K | -0.6% |
2 Bedrooms | $403K | $420K | +4.2% |
3 Bedrooms | $569.9K | $550K | -3.5% |
4 Bedrooms | $704.1K | $725K | +3.0% |
5+ Bedrooms | $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 | $1.4M | $1.5M | +6.5% |
Centennial | $665.2K | $671.6K | +1.0% |
South Aurora | $484.9K | $483.9K | -0.2% |
Lone Tree | $885K | $835K | -5.6% |
Housing Supply in Centennial, CO
How many homes are available in Centennial, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
390 | 483 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 47 | 64 | +36.2% |
3 Bedrooms | 108 | 130 | +20.4% |
4 Bedrooms | 136 | 160 | +17.6% |
5+ Bedrooms | 95 | 122 | +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 2024 | May 2024 | CHANGE |
---|---|---|
115 | 135 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 16 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
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.