Ranked as one of the top U.S. cities for first-time homebuyers by NerdWallet in 2016, Homestead is a covenant-controlled community located in Centennial. Not only does Homestead have great schools nearby (both Cherry Creek and Littleton Public Schools), but its location is one of the best around. The area is minutes away from I-25, and a short, 12-minute commute from the Denver Tech Center.
Homestead market trends indicate an increase of $75 (32%) in the average price per square foot over the past 6 months. The average sales price over that same period rose from $571,816 to $744,040, whilst the median rent for this area is $1,757 The average time on market for properties in this area is 14 days and buyers can expect to pay 102% of the seller’s asking price.
AVERAGE SALES PRICE
$633,695
6 MONTH AVERAGE
HOME SOLD PER MONTH
10
6 MONTH AVERAGE
AVERAGE DAYS ON MARKET
14
DAYS
EXPECT TO PAY
102%
OF ASKING PRICE
AVERAGE PRICE PER SQUARE FOOT
$268
6 MONTH AVERAGE
RENTER VS OWNER OCCUPIED
24% RENT | 76% OWN
AVERAGE YEAR BUILT
1980
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