Centennial Hills March Market Report
When you find yourself needing more space, a larger backyard, and more privacy, that’s usually when you decide to sell. But you want to ensure that you have all the steps to make an informed decision—that way the whole journey of selling and finding your new home is as smooth and simple as possible.
For most of us, buying and selling homes is the biggest investment and commitment, so it is essential to understand what’s going on in the market. As you consider selling, you deserve to have professional guidance from someone who understands your local market. Here are the top things to know about the Centennial Hills real estate market right now:
Inventory Has Increased
Last February, we saw a median days on market of 35 days. This February, we saw 69 days. This suggests buyer demand has increased year-over-year, but they are still taking their time and being selective with the homes they make offers on. This also means that we’re still leaning towards a buyer’s market. That said, we have seen a 34.9% decline in days on market month-over-month—with 105 days on market in January compared to the 69 we saw in February. To ensure that your home sells with the least amount of days on market, you want to make sure your home is positioned with strong pricing and marketing.
Homes Are Selling Near List Price
The sale-to-list price ratio is a measure of how close the sales price was to the home’s original price when it was listed. This percentage remained very similar from February 2025 to February this year, moving from 99.0% to 99.7%. This is also a 0.7% increase from this January. To ensure that you maximize the sale of your home, you want to work with an experienced professional who understands the local market trends and how to position your home competitively with a comprehensive marketing strategy.
Median Sales Price Is Down
When a home is priced correctly and positioned well on the market, it often sells at or above list price—often within a quicker time period than the average days on market. Median sales price for February has decreased from $645,000 last February to $552,500 this February.
Compared to January’s $490,000 we saw a 12.75% increase. We are seeing longer days on market, with a median of 69 days compared to 35 days last year. These stats are important to know when you are selling your home. It allows you to create a strategic plan—from the pricing strategy to marketing position—to make sure your home stands out from the crowd and gets the most from your investment.
As a homeowner, what does this mean for you?
If you are thinking about selling your home in the next 12 months, now is the time to start preparing for the market.
When you work with me, I prioritize making the process of selling your home to buying your next home clear and streamlined—from start to finish. I am a Veteran Spouse and truly understand the nuances of moving within the military community. I maximize your home’s results by using targeted strategies that will not only help your home sell quicker, but at a greater price, so that way you have the funds you need to finance your next chapter. Successful real estate transactions require consistent communication, transparency, strategic planning, and strong negotiation skills.
If you are thinking about selling your home in the next 12 months, call me today for your strategic marketing consultation → 702-592-0488
We will cover your goals and my personalized approach to getting you the highest possible price in the fewest days on the market.
Call today → 702-592-0488
Looking Ahead
- Price Stabilization After Market Correction
After the price adjustments we experienced over the past year, we’re now seeing signs of stabilization. In Centennial Hills (89131), median single-family home values have corrected into the $505,000–$552,500 range—approximately 6–14% below last year’s peaks. While that sounds significant, what it actually represents is a market recalibrating to current demand and interest rate conditions. We are no longer in a rapid depreciation phase. We are in a normalization phase, which means pricing strategy matters more than timing the “perfect” month.
- Inventory Growth Gives Buyers Leverage
Inventory is up 18–25% year-over-year, creating a 4–5 month supply of homes and giving buyers more options and negotiation power. In 89131, homes are taking 69–105 days to sell, and roughly 20% of listings are seeing price adjustments. Well-prepared, strategically priced homes are still selling quickly, while homes that miss the mark are sitting longer.
- Demand Remains Steady
While sales are slower than the market’s peak years, fundamentals remain strong. Mortgage rates are decreasing in the mid-5% to mid-6% range, which is causing a positive uptick in buyer demand and affordability. Buyers are more selective, rewarding homes that are positioned strongly and competitively priced.
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 702-592-0488