Search homes for sale in Centennial, one of Colorado's top safest communities, family-oriented neighborhoods, excellent public school districts, and easy access to Denver
The housing market in Centennial is highly competitive. On average, homes in Centennial attract three offers and typically sell within about 16 days. Last month, the median sale price for a home in Centennial stood at $593,000, experiencing a slight decrease of 1.1% compared to the previous year. Meanwhile, the median sale price per square foot has seen an increase, rising to $268, which marks a 6.8% gain from last year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
As of February 2024, the real estate market in Centennial experienced a slight decline in home prices, dropping by 1.1% year-over-year to a median selling price of $593,000. Homes in Centennial are selling more quickly than they did the previous year, with the average property spending 16 days on the market, down from 22 days. The number of homes sold in February also saw a slight decrease, with 97 properties changing hands, compared to 105 sold in the same month last year.
This trend indicates a slight cooling in the market, with homes selling faster despite a small dip in the number of sales and a marginal decrease in price, suggesting a still active market with strong demand but perhaps a tighter inventory.
The real estate market in Centennial is intensely competitive. Properties are being sold in just 11 days on average. A significant number of homes receive multiple offers, with buyers often willing to waive contingencies to make their bids more attractive. Typically, homes sell for approximately their listed price and tend to go under contract within about 11 days. However, highly sought-after homes, or "hot homes," may fetch prices around 2% above the asking price and can go pending in as few as 4 days, highlighting the strong demand and fast-moving nature of the market in Centennial.
Nationally, 1% of potential homebuyers have shown interest in relocating to Centennial from other metropolitan areas. The majority of this interest comes from those currently residing in San Francisco, making it the top external metro area considering moves to Centennial. Following San Francisco, Los Angeles and Houston are the next most common origins for prospective movers to Centennial, indicating a diverse geographical interest in the area.
For detailed, up-to-date information on buying a house in Centennial, including legal considerations and market trends, you can talk to us.
The Centennial real estate market is highly competitive, with homes selling rapidly, often within 11 days of listing. Many properties receive multiple offers, some with waived contingencies, indicating strong buyer interest.
Homes in Centennial generally sell for around their listing price. However, highly sought-after properties can sell for approximately 2% above the listing price, reflecting the area's competitive market dynamics.
Yes, first-time homebuyers in Centennial have access to several state and local programs designed to assist them in the purchasing process. These include down payment assistance and homebuyer education courses, which can be invaluable resources for navigating the real estate market.
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.
Given the competitive market in Centennial, well-priced homes in good condition can expect to receive multiple offers and sell quickly. Sellers should be prepared for a fast-moving process and have a plan for their next steps post-sale, especially if their home sells faster than anticipated.
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.
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.
