$140,000
001 Hooper St
Central City, CO
0 ba
Land2.11 acres
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Sarah Mitchell
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Compass Real Estate · Central City, CO
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Central City, CO(512) 555-0184TX License #0512847
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Central City, CO Housing Market
Leaning buyer's-5.8% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Central City, CO is worth $403,009, fell 5.8% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $426,500, -9.3% year over year (through May 2026). With 7.0 months of supply and homes going under contract in about 37 days, Central City is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down on a $403,009 home is about $2,072/mo in principal and interest.
Key numbers for Central City, CO
Typical home value
$403,009
-5.8% in 12 months
Zillow, July 2026
Median sale price
$426,500
-9.3% year over year
Redfin, through May 2026
Days on market
37
Average pace
Redfin, through May 2026
Active listings
14
7.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Sale-to-list ratio
98.2%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Central City a buyer's or seller's market?
Leaning buyer's7.0 months of supply37 days on market98.2% of asking
Central City, CO is a leaning buyer's, based on 7.0 months of supply and homes selling in about 37 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Central City housing market data show?
Every row below is Redfin's final published month for Central City, CO. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $426,500 |
| Median list price | $350,000 |
| Year-over-year price change | -9.3% |
| Median price per sq ft | $233/sq ft |
| Median days on market | 37 days |
| Active inventory | 14 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 98.2% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Listings with a price cut | 14.3% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Central City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Central City is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Central City home prices moved?
Over the last three years the median sale price in Central City, CO rose 78.5%, from $239,000 to $426,500. The live Zillow value series has fell 5.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.3% of Central City listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 7.0 months while the sale-to-list ratio slips below its current 98.2%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Central City?
Priced off the typical home value of $403,009 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $80,602 | $322,407 | $2,072/mo |
| 5% | $20,150 | $382,858 | $2,460/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,072, that implies roughly $88,795 a year before you add taxes and insurance. We do not hold a Census income figure for Central City, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Central City in the next 12 months?
Tell us your timeline. We send the Central City market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Central City?
Zillow does not publish a rent index (ZORI) for Central City, CO, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Central City?
Active listings in Central City, CO went from 7 in October 2024 to 14 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| November 2024 | 6 | 2 |
| December 2024 | 6 | 1 |
| January 2025 | 3 | 1 |
| March 2025 | 8 | 4 |
| May 2025 | 11 | 2 |
| June 2025 | 8 | 2 |
| July 2025 | 7 | 1 |
| August 2025 | 10 | 3 |
| October 2025 | 10 | 1 |
| December 2025 | 5 | 1 |
| March 2026 | 12 | 1 |
| May 2026 | 14 | 1 |
Redfin, through May 2026
How does Central City compare to Colorado and the U.S.?
Central City homes sell for $426,500 — 31% below the Colorado median of $617,000. Against the national median of $410,700, Central City runs 4% higher. Year-over-year, Central City moved -9.3% against Colorado's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Central City, CO | $426,500 | -9.3% | 37 days |
| Colorado statewide | $617,000 | +1.3% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Central City
What buyers should watch
- Months of supply, currently 7.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $388 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $403,009 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Central City listing goes under contract in 37 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Central City added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -5.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Central City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Central City
There are currently 14 homes listed for sale in Central City, Colorado. The median listing price is $350K. Featured listings range from $140,000 to $767,000.
$175,000
795 Russell Gulch Rd
Central City, CO
0 ba
Land3.71 acres
View photos & details
$455,000
829 N Vernon Dr
Central City, CO
2 bd3 ba1,860 sqft$245/ft²
Townhouse
View photos & details
$465,000
820 N Vernon Dr
Central City, CO
3 bd4 ba1,963 sqft$237/ft²
Townhouse1,350 sqft lot
View photos & details
$470,000
788 Brewery Dr
Central City, CO
2 bd3 ba1,870 sqft$251/ft²
Townhouse828 sqft lot
View photos & details
$470,000
785 Martin Dr
Central City, CO
2 bd3 ba1,588 sqft$296/ft²
Townhouse828 sqft lot
View photos & details
$485,000
720 Martin Dr
Central City, CO
3 bd4 ba1,871 sqft$259/ft²
Townhouse1,089 sqft lot
View photos & details
$490,000
202 E 1st High St
Central City, CO
3 bd2 ba1,481 sqft$331/ft²
House5,663 sqft lot
View photos & details
$495,000
220 E 1st High St
Central City, CO
2 bd2 ba1,499 sqft$330/ft²
House4,000 sqft lot
View photos & details
$500,000
832 N Vernon Dr
Central City, CO
3 bd4 ba2,108 sqft$237/ft²
Townhouse1,307 sqft lot
View photos & details
$600,000
2700 Church Placer Rd
Central City, CO
2 bd2 ba2,899 sqft$207/ft²
House8.60 acres
View photos & details
$767,000
1110 Missouri Flats Rd
Central City, CO
2 bd2 ba2,049 sqft$374/ft²
House31.50 acres
View photos & details
Looking to buy in Central City?
Get connected with a local real estate expert — free, no obligation.
Active listings
14
Homes on market
Median list price
$350K
Avg. days on market
37
Days until sale
New this week
1
Newly listed
Price drops:14.3%of listings
Sale-to-list:98.2%
How much do homes cost in Central City by property type?
How the Central City, CO market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $418,000 | $244/sq ft | 1 | 2 days |
| Townhouse | $435,000 | $222/sq ft | 1 | 72 days |
Which cities are near Central City, CO?
Ordered by distance from Central City, not by size. Compare Central City side by side with any of them.
Central City housing market FAQ
Is Central City a buyer's or seller's market?
Central City, CO is currently a leaning buyer's. That read comes from 7.0 months of supply, homes going under contract in about 37 days, and sellers getting 98.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Central City?
The typical home in Central City, CO is worth $403,009 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $426,500, about $233 per square foot.
Is Central City cheaper than the rest of Colorado?
Central City's median sale price of $426,500 is 31% lower than the Colorado statewide median of $617,000, and 4% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Central City?
Homes in Central City, CO spent a median of 37 days on market before going under contract, versus 35 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Central City?
At the current 30-year fixed rate of 6.66%, 20% down on a $403,009 home is about $2,072 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $88,795 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Central City?
The typical home value in Central City, CO fell 5.8% over the last 12 months, from $427,767 to $403,009 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Central City?
Central City ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Central City?
That depends on your timeline, not on a headline. What the data says today: Central City, CO is a leaning buyer's with 7.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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