Is Black Mountain, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Black Mountain has remained a Seller's Market.
Key Takeaway
Black Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Black Mountain, NV
How much do homes in Black Mountain, NV cost?
Median Sold Price
$400,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Black Mountain has remained the same since last year.
Summary: The median home sold price in Black Mountain was $400,000 in April 2024, the same as last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.2K | $183K | +12.1% |
| 2 Bedrooms | $229.5K | $225K | -2.0% |
| 3 Bedrooms | $399.9K | $404K | +1.0% |
| 4 Bedrooms | $453.7K | $599.9K | +32.2% |
| 5+ Bedrooms | $847K | $869.2K | +2.6% |
Summary: Black Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in Black Mountain, NV
How many homes are available in Black Mountain, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The Black Mountain real estate market had 38 homes for sale in April 2024, a 7.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Black Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Black Mountain, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Black Mountain in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Black Mountain, NV
How long does it take to sell a home in Black Mountain, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +11.9% |
Summary: Homes in Black Mountain had an average of 27 days on market in Apr 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Black Mountain are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Black Mountain; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.