Centennial Homes for Sale

In September 2024, home prices in Centennial saw a noticeable dip, falling by 9.0% year-over-year to a median sale price of $578,000. This decline suggests a cooling in the market, potentially influenced by broader economic factors or shifting buyer demand. Homes are selling slightly faster, averaging 17 days on the market compared to 19 days in September 2023, indicating a persistent demand despite the price drop. However, sales volume decreased marginally, with 106 homes sold this year versus 109 in the same month last year, reflecting a modest contraction in market activity. This combination of price reduction, quicker sales, and a slight drop in transactions points to a market adjusting to new dynamics, possibly affected by affordability concerns and shifting buyer priorities.

The Centennial housing market remains highly competitive. Homes typically sell in approximately 18.5 days, with many receiving multiple offers, some even waiving contingencies. On average, properties sell for about 1% below the list price and go pending in around 19 days. However, particularly desirable homes often sell at or near the list price and go pending in as few as five days.

Recent migration trends indicate that Centennial, Colorado, is attracting interest from homebuyers across the nation. Notably, 1% of prospective buyers are considering relocating to Centennial from outside metropolitan areas. Among these, individuals from Houston, Los Angeles, and San Francisco are leading the influx, reflecting Centennial's growing appeal to residents from these major cities.