Time-lapse seismic monitoring is a key component in the geological sequestration of greenhouse gases. Currently, a lack of understanding of the influence of injected CO
2
on rocks’ geophysical signatures is reported. Using a novel ultrasonic experimental system, we measured the variations in the longitudinal (P) and transverse (S) elastic wave speeds of a CO
2
-saturated porous medium at different pressure and temperature conditions around the CO
2
critical point. The results show that both P- and S-wave speeds, corrected to seismic frequencies, decreased by more than 4.5% across the CO
2
gas to liquid and gas to supercritical states, primarily as a consequence of CO
2
density increase. This study provides a-20 firm basis for the use of seismological methods in monitoring sequestered CO
2
; although the abruptness, and hence remote seismic detectability, depends on which phase boundary is crossed. Further, these measurements also allow us to compare observations to frequency-dependent wave propagation theory. The observed wave speeds mostly align with those calculated at 1 MHz using the Biot theory for both CO
2
and H
2
O saturated states. However, the observed and calculated wave speeds diverge above the phase transition in some of the tests, possibly due to the kinetics of the phase transition within a porous medium. As such, aside from the direct utility in providing information on the expected seismic responses, the CO
2
provides a highly tunable fluid that can be advantageous for experimental studies.