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Denver CO 80237
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New York NY 10011
The Centennial housing market is highly competitive. On average, homes receive about two offers and sell within approximately 17 days. Last month, the median home sale price reached $676K, a 4.2% increase compared to last year, while the median price per square foot rose 1.6% to $262.
In June 2025, Centennial’s housing market showed steady growth, with home prices increasing 4.2% year-over-year to a median of $676K, reflecting consistent buyer demand. Homes are selling quickly, averaging 17 days on the market compared to 14 days last year, indicating continued competition despite the slight slowdown in pace. Sales activity also increased, with 155 homes sold versus 143 last year, suggesting strong market activity and sustained interest from buyers. Overall, Centennial remains a competitive and fast-moving market with rising prices and healthy transaction levels.
Centennial is very competitive, with homes typically selling in just 11 days and many receiving multiple offers, some with waived contingencies. On average, properties sell for around the list price and go pending quickly, reflecting strong buyer demand. Hot homes, however, attract even greater competition, often selling for about 1% above asking and going under contract in as little as 4 days. This fast-paced market favors sellers, with well-priced homes moving rapidly.
Centennial, CO is a seller’s market in June 2025, meaning buyer demand exceeds the available housing supply, creating strong advantages for sellers. With limited inventory and high competition, well-priced homes are selling quickly, often receiving multiple offers and going under contract in a matter of days. Buyers face increased pressure to act fast and may need to submit competitive offers, sometimes above asking price, to secure a home. Sellers, on the other hand, are in a strong position to negotiate favorable terms and achieve higher sale prices in this fast-moving market.
For detailed, up-to-date information on buying a house in Centennial, including legal considerations and market trends, you can talk to us.
Centennial offers several family-friendly neighborhoods, each with its unique appeal. Cherry Knolls is a popular choice, known for its spacious homes, tree-lined streets, and proximity to excellent schools. Willow Creek is another family favorite, featuring a strong sense of community, walking trails, and easy access to parks. Southglenn also stands out, with its vibrant mix of shopping, dining, and recreational facilities, as well as highly-rated schools nearby. When considering a neighborhood, assess proximity to amenities like schools, parks, and healthcare to ensure it aligns with your family’s needs.
The home-buying process in Centennial typically starts with securing mortgage pre-approval to establish your budget. Once pre-approved, work with a local real estate agent to identify properties that fit your needs. Given the competitive nature of Centennial's market, it’s essential to act quickly when you find a home you love. Offers often include contingencies, such as inspections or financing approval, although some buyers waive these to make their bids more attractive. After the seller accepts your offer, you’ll go through inspections, appraisals, and closing. Closing typically takes 30-45 days, so planning and flexibility are key.
Centennial is a haven for outdoor enthusiasts. Homes in the area are often close to parks, trails, and open spaces. Cherry Creek State Park is a local gem, offering miles of hiking and biking trails, a reservoir for water sports, and picnic areas. Centennial Center Park, a family-friendly destination, features interactive play areas and hosts community events throughout the year. The High Line Canal Trail is perfect for walkers, runners, and cyclists, connecting residents to nature and nearby communities. Many neighborhoods have direct access to these recreational areas, making outdoor activities a seamless part of daily life.
Improving curb appeal, making necessary repairs, updating kitchens and bathrooms, and ensuring your home is well-maintained can significantly increase its value. Staging your home to highlight its best features can also make a big difference in how quickly it sells and the price it fetches.
Preparing your home for sale in Centennial involves a mix of cleaning, repairs, and strategic staging. Start by decluttering and deep cleaning to make your space look well-maintained. Address minor repairs like chipped paint or leaky faucets, as these can deter buyers. Staging your home with neutral decor and maximizing natural light can help it appeal to a broader audience. Consider enhancing curb appeal with landscaping or fresh exterior paint. Finally, consult a real estate agent familiar with Centennial’s market to price your home competitively and market it effectively.
While Centennial’s real estate market is generally active year-round, spring and early summer are typically the best times to sell. Warmer weather and longer daylight hours encourage more buyers to tour homes, and families often aim to move during the summer break to minimize disruptions to school schedules. That said, Centennial's competitive market can yield strong results even in the fall or winter, especially if inventory is low. Consult with a local real estate agent to assess your specific circumstances and market conditions.
When selling a home in Centennial, you’ll typically encounter several closing costs. These often include real estate agent commissions, which are usually 5-6% of the sale price and are split between the buyer’s and seller’s agents. Additional costs include title insurance, prorated property taxes, and transfer fees. You may also need to budget for repairs requested by the buyer or pay a portion of the closing costs as part of negotiations. Working with an experienced agent can help you understand and plan for these expenses, ensuring a smooth transaction.
Whether you're dipping your toes into the market for the first time, searching for your dream home, or considering selling your property, Lisa is here to illuminate the path forward. With expert insights into the competitive Centennial market and a passion for making your real estate dreams come true, Lisa is your go-to resource for all your property needs.
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Dive into our neighborhood guide to uncover the hidden gems, local favorites, and essential insights about Centennial's vibrant communities. From serene parks and recreation to bustling shopping districts and top-rated schools, our guide covers everything you need to know to navigate and appreciate the rich tapestry of life in Centennial.