Is Centennial, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Centennial has remained a Seller's Market.
Housing Prices in Centennial, CO
How much do homes in Centennial, CO cost?
Median Sold Price
$675,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Centennial was $675,000 in April 2024, up 1.2% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235.6K | $288K | +22.2% |
2 Bedrooms | $410K | $420K | +2.4% |
3 Bedrooms | $573.5K | $550K | -4.1% |
4 Bedrooms | $710K | $728.5K | +2.6% |
5+ Bedrooms | $849.9K | $835K | -1.8% |
Summary: Centennial housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Greenwood Village | $1.4M | $1.6M | +15.4% |
Lone Tree | $829K | $840K | +1.3% |
Centennial | $667.2K | $675K | +1.2% |
South Aurora | $496.4K | $484.9K | -2.3% |
Housing Supply in Centennial, CO
How many homes are available in Centennial, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
262 | 378 | +44.3% |
Summary: The Centennial real estate market had 378 homes for sale in April 2024, a 44.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 27 | 43 | +59.3% |
3 Bedrooms | 75 | 105 | +40.0% |
4 Bedrooms | 89 | 127 | +42.7% |
5+ Bedrooms | 68 | 98 | +44.1% |
Summary: The Centennial housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 59.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes increased by 44.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 114 | +90.0% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Centennial in April 2024, up by 90.0% month-over-month. Of the 114 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 19 Days | +52.0% |
Summary: Homes in Centennial had an average of 19 days on market in Apr 2024, up by 52% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 114 homes were sold in Centennial; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.