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 November 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

$640,003

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$34,996(-5.2%)

Key Takeaway

Homes in Centennial have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in Centennial was $640,003 in November 2024, down 5.2% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $286K$257K
-10.1%
2 $420K$399.4K
-4.9%
3 $539.5K$555.5K
+3.0%
4 $725K$681.4K
-6.0%
5+ $847.4K$790.3K
-6.7%

Summary: Centennial housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

South Aurora
0.4%
Lone Tree
-2.4%
Centennial
-5.2%
Greenwood Village
-25.7%

Housing Supply in Centennial, CO

How many homes are available in Centennial, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
485435-10.3%

Summary: The Centennial real estate market had 435 homes for sale in November 2024, a 10.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1011
+10.0%
2 6059
-1.7%
3 119108
-9.2%
4 184158
-14.1%
5+ 11299
-11.6%

Summary: The Centennial housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 11.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11482-28.1%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centennial, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Centennial in November 2024, down by 28.1% month-over-month. Of the 82 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% 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

Nov 2023Nov 2024CHANGE
25 Days32 Days+23.8%

Summary: Homes in Centennial had an average of 32 days on market in Nov 2024, up by 23.8% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

29 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 November 2024, 82 homes were sold in Centennial; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Centennial, CO

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