Search homes for sale in Centennial, known as Colorado's top safest community and family-oriented neighborhood.
Centennial, CO Real Estate Market Overview
In October 2024, the median home price in Centennial, CO, was $628,000, reflecting a 3.8% decrease compared to the previous year. This slight dip in prices indicates a shift toward a more balanced market, potentially providing buyers with better opportunities. Homes in Centennial now take an average of 30 days to sell, significantly longer than the 13 days recorded in October 2023, signaling a less urgent pace for buyers. Despite these changes, the number of homes sold rose to 125 this October, a significant increase from 85 sales last year. This uptick in sales activity highlights sustained buyer interest in the area, likely driven by Centennial’s desirable location, strong schools, and family-friendly amenities. These market dynamics make it an opportune time for both buyers and sellers to carefully strategize their moves in this thriving community.
Centennial remains a highly competitive housing market, with homes typically selling within 21 days. Many properties receive multiple offers, and in some cases, buyers are waiving contingencies to secure their desired home. On average, homes sell for approximately 1% below the listing price and go under contract within three weeks. However, "hot" properties—those in prime locations or with desirable features—can sell for about 1% above the list price and often go pending in as little as 5 days. This fast-paced market highlights the importance of acting quickly and making strong, strategic offers. For sellers, it’s a prime opportunity to capitalize on demand, while buyers should be prepared to move decisively in this competitive environment.
In November 2024, Centennial, CO, is a strong seller's market, meaning the demand for homes exceeds the available inventory. This imbalance creates favorable conditions for sellers, as competition among buyers often leads to quicker sales and potentially higher offers. For buyers, this means acting decisively and being prepared for competitive bidding scenarios. If you're considering selling your property in Centennial, now is an excellent time to take advantage of the high demand. For buyers, partnering with a knowledgeable agent can help you navigate this competitive landscape effectively. Let us assist you in making the most of this market!
Whether you’re ready to make the move or simply exploring your options, our team is here to help. With deep knowledge of the Centennial market and a commitment to finding the best fit for every client, we’re ready to answer all your questions and guide you through the process. Let’s make Centennial your new home—reach out now to start your journey!
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