Is Paradise, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Paradise has remained a Seller's Market.
Key Takeaway
Paradise is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paradise, NV
How much do homes in Paradise, NV cost?
Median Sold Price
$354,991
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Paradise have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Paradise was $354,991 in May 2024, up 4.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $251K | +14.1% |
| 2 Bedrooms | $240K | $244K | +1.7% |
| 3 Bedrooms | $355K | $367.5K | +3.5% |
| 4 Bedrooms | $450K | $451.2K | 0.3% |
| 5+ Bedrooms | $552.5K | $535K | -3.2% |
Summary: Paradise housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Paradise Vista II | $352K | $390K | +10.8% |
| Paradise | $340K | $354.9K | +4.4% |
Housing Supply in Paradise, NV
How many homes are available in Paradise, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 785 | 844 | +7.5% |
Summary: The Paradise real estate market had 844 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 116 | 129 | +11.2% |
| 2 Bedrooms | 258 | 274 | +6.2% |
| 3 Bedrooms | 225 | 230 | +2.2% |
| 4 Bedrooms | 132 | 152 | +15.2% |
| 5+ Bedrooms | 54 | 59 | +9.3% |
Summary: The Paradise housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 187 | 164 | -12.3% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 164 homes were sold or pending in Paradise in May 2024, down by 12.3% month-over-month. Of the 164 sold homes, 46% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Paradise, NV
How long does it take to sell a home in Paradise, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 25 Days | -40.7% |
Summary: Homes in Paradise had an average of 25 days on market in May 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paradise are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 164 homes were sold in Paradise; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.