Is Centennial Hills, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centennial Hills is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Centennial Hills has remained a Seller's Market.

Key Takeaway

Centennial Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Centennial Hills, NV

How much do homes in Centennial Hills, NV cost?

Median Sold Price

$450,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+5.9%)

Key Takeaway

Homes in Centennial Hills have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Centennial Hills was $450,000 in October 2024, up 5.9% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $213K$202.5K
-4.9%
2 $295K$314.3K
+6.6%
3 $395.6K$418.6K
+5.8%
4 $500K$540.7K
+8.2%
5+ $645K$690.9K
+7.1%

Summary: Centennial Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7.1%.

Housing Supply in Centennial Hills, NV

How many homes are available in Centennial Hills, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,1171,260+12.8%

Summary: The Centennial Hills real estate market had 1,260 homes for sale in October 2024, a 12.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 101122
+20.8%
3 477548
+14.9%
4 373415
+11.3%
5+ 164171
+4.3%

Summary: The Centennial Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
222252+13.5%

Asking Price vs. Sold Price

129 Homes Were Sold
Under Asking

86 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centennial Hills, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 252 homes were sold or pending in Centennial Hills in October 2024, up by 13.5% month-over-month. Of the 252 sold homes, 51% were sold under asking, 34% were sold at asking, and 15% were sold over asking.

Days on Market for Centennial Hills, NV

How long does it take to sell a home in Centennial Hills, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days37 Days+35.9%

Summary: Homes in Centennial Hills had an average of 37 days on market in Oct 2024, up by 35.9% compared to last year.

Breakdown of Home Sale Times

142 Homes Were Sold
Under 30 Days

84 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 252 homes were sold in Centennial Hills; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% 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

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