$3,978 Closing Credit*
$335,000
840 SqFt
Robert Young, Listing Office: Legacy Realty Group
Is Centennial, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, OR
How much do homes in Centennial, OR cost?
Median Sold Price
$410,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.8%)
Key Takeaway
Homes in Centennial have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Centennial was $410,000 in November 2024, up 3.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307K | $265K | -13.7% |
| 2 Bedrooms | $322.4K | $310K | -3.9% |
| 3 Bedrooms | $395K | $404.7K | +2.5% |
| 4 Bedrooms | $449K | $448.5K | -0.1% |
| 5+ Bedrooms | $481K | $510K | +6.0% |
Summary: Centennial housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in Centennial, OR
How many homes are available in Centennial, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 69 | -11.5% |
Summary: The Centennial real estate market had 69 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 46 | 43 | -6.5% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Centennial housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centennial, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Centennial in November 2024, down by 27.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Centennial, OR
How long does it take to sell a home in Centennial, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 93 Days | +170.3% |
Summary: Homes in Centennial had an average of 93 days on market in Nov 2024, up by 170.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centennial are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Centennial; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.