Is Braewood Heritage / Heritage Square South, 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, Braewood Heritage / Heritage Square South has remained a Seller's Market.
Key Takeaway
Braewood Heritage / Heritage Square South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braewood Heritage / Heritage Square South, NV
How much do homes in Braewood Heritage / Heritage Square South, NV cost?
Median Sold Price
$331,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Braewood Heritage / Heritage Square South have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Braewood Heritage / Heritage Square South was $331,000 in April 2024, up 2.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $205K | +5.1% |
| 2 Bedrooms | $280K | $290K | +3.6% |
| 3 Bedrooms | $337K | $340K | +0.9% |
| 4 Bedrooms | $392.5K | $407.5K | +3.8% |
| 5+ Bedrooms | $505K | $500K | -1.0% |
Summary: Braewood Heritage / Heritage Square South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Heritage Square South | $310K | $320K | +3.2% |
| Braewood Heritage / Heritage Square South | $322.8K | $331K | +2.5% |
| Monte Verde | $446.2K | $450K | +0.8% |
Housing Supply in Braewood Heritage / Heritage Square South, NV
How many homes are available in Braewood Heritage / Heritage Square South, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 107 | +3.9% |
Summary: The Braewood Heritage / Heritage Square South real estate market had 107 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 20 | 33 | +65.0% |
| 3 Bedrooms | 55 | 49 | -10.9% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Braewood Heritage / Heritage Square South housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 65%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 19 | -34.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braewood Heritage / Heritage Square South, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Braewood Heritage / Heritage Square South in April 2024, down by 34.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for Braewood Heritage / Heritage Square South, NV
How long does it take to sell a home in Braewood Heritage / Heritage Square South, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 16 Days | -70.7% |
Summary: Homes in Braewood Heritage / Heritage Square South had an average of 16 days on market in Apr 2024, down by 70.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Braewood Heritage / Heritage Square South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Braewood Heritage / Heritage Square South; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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.