Question 1

What is the median sold price in East Centennial?

Accepted Answer

The median sold price in East Centennial is $232,000 based on 16 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in East Centennial?

Accepted Answer

The average sold price in East Centennial is $243,000. Note that the average ($243,000) is higher than the median ($232,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in East Centennial?

Accepted Answer

Home prices in East Centennial range from $85,000 to $410,000 based on recent sales data. This $325,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in East Centennial selling above or below asking price?

Accepted Answer

On average, homes in East Centennial are selling at 96.4% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in East Centennial?

Accepted Answer

Homes in East Centennial are selling in an average of 96 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in East Centennial?

Accepted Answer

The average price per square foot in East Centennial is $200. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $400,000.

Question 7

How active is the real estate market in East Centennial?

Accepted Answer

The East Centennial market has seen 16 home sales over the past 2 years, with 2 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in East Centennial?

Accepted Answer

The most common property types selling in East Centennial are: detached single family (13 sold, avg $278,688), condo (rae) (3 sold, avg $232,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in East Centennial?

Accepted Answer

Detached homes in East Centennial are selling for an average of $278,688, with 13 sales over the past 2 years.

Question 10

How much do condos cost in East Centennial?

Accepted Answer

Condos and apartments in East Centennial are selling for an average of $232,500, with 3 sales over the past 2 years. Condos typically offer a more affordable entry point into the East Centennial market.

Question 11

Are home prices rising or falling in East Centennial?

Accepted Answer

Home prices in East Centennial have decreased by 42.9% over the past 2 years. The average sold price moved from $385,000 to $220,000. This downward trend may present buying opportunities for purchasers.

Question 12

Is East Centennial a buyer's or seller's market?

Accepted Answer

Based on current data, East Centennial is a buyer's market. Homes are selling in 96 days on average and at 96.4% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 13

What percentage of homes sell above asking price in East Centennial?

Accepted Answer

In East Centennial, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 14

What are the average property taxes in East Centennial?

Accepted Answer

The average annual property tax in East Centennial is $3,155, with a median of $3,155. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in East Centennial?

Accepted Answer

Homes selling in East Centennial range from 592 to 2,093 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in East Centennial?

Accepted Answer

East Centennial shows relatively consistent pricing with a standard deviation of $90,729 around the average price of $243,000. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

How do I find out how much a house sold for in East Centennial?

Accepted Answer

Simply search our East Centennial sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 18

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in East Centennial will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for East Centennial?

Accepted Answer

Our feed captures all MLS® listings sold page data available for East Centennial. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

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