$4,749 Closing Credit*
$399,900
1,440 SqFt
3 Beds
•2 Full Baths
Terrance Brown, Listing Office: Cascade Hasson Sotheby's International Realty
Is Centennial, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, OR
How much do homes in Centennial, OR cost?
Median Sold Price
$415,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.1%)
Key Takeaway
Homes in Centennial have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Centennial was $415,000 in October 2024, up 5.1% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307K | $265K | -13.7% |
| 2 Bedrooms | $302.5K | $327.5K | +8.3% |
| 3 Bedrooms | $395K | $407K | +3.0% |
| 4 Bedrooms | $448.5K | $450K | 0.3% |
| 5+ Bedrooms | $475K | $513K | +8.0% |
Summary: Centennial housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 8%.
Housing Supply in Centennial, OR
How many homes are available in Centennial, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 79 | +14.5% |
Summary: The Centennial real estate market had 79 homes for sale in October 2024, a 14.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 45 | 46 | +2.2% |
| 4 Bedrooms | 9 | 17 | +88.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Centennial housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centennial, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Centennial in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 23 Days | -28.1% |
Summary: Homes in Centennial had an average of 23 days on market in Oct 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 15 homes were sold in Centennial; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.