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 October 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

$640,145

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$39,654(-5.8%)

Key Takeaway

Homes in Centennial have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in Centennial was $640,145 in October 2024, down 5.8% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $287K$264K
-8.0%
2 $410K$399.9K
-2.5%
3 $544K$557.7K
+2.5%
4 $727.7K$680.7K
-6.5%
5+ $845K$797K
-5.7%

Summary: Centennial housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Cities

South Aurora
-0.7%
Centennial
-5.8%
Lone Tree
-12.9%
Greenwood Village
-29.7%

Housing Supply in Centennial, CO

How many homes are available in Centennial, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
467497+6.4%

Summary: The Centennial real estate market had 497 homes for sale in October 2024, a 6.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1010
0.0%
2 6259
-4.8%
3 128126
-1.6%
4 174190
+9.2%
5+ 93112
+20.4%

Summary: The Centennial housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 20.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
106110+3.8%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

26 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 110 homes were sold or pending in Centennial in October 2024, up by 3.8% month-over-month. Of the 110 sold homes, 55% were sold under asking, 22% 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

Oct 2023Oct 2024CHANGE
18 Days35 Days+93.2%

Summary: Homes in Centennial had an average of 35 days on market in Oct 2024, up by 93.2% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

12 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 October 2024, 110 homes were sold in Centennial; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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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