First Integrity Title Market Report

Centennial, CO

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Centennial, CO

Fri Mar 29 2024
This week the median list price for Centennial, CO is $520,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has increased to 31. Click here to stay informed with the Centennial market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Centennial, CO

Fri Mar 29 2024
This week the median list price for Centennial, CO is $520,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has increased to 31. Click here to stay informed with the Centennial market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Centennial market.
Median List Price $520,000
Median Price of New Listings $550,000
Per Square Foot $292
Average Days on Market 76
Median Days on Market 21
Price Decreased 35%
Price Increased 6%
Relisted 19%
Inventory 31
Median Rent
Market Action 63
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$640,000 1,578 0 - 4,500 sqft 3 2.5 6 2 1 7
$545,000 2,246 0 - 4,500 sqft 3 2.5 33 3 2 10
$464,500 1,644 0 - 4,500 sqft 2 2 15 0 3 98
$312,499 987 0 - 4,500 sqft 2 1 53 2 2 66