Is Cadence, 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, Cadence has remained a Seller's Market.
Key Takeaway
Cadence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cadence, NV
How much do homes in Cadence, NV cost?
Median Sold Price
$455,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cadence have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Cadence was $455,000 in April 2024, down 5.2% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $419.9K | -3.4% |
| 3 Bedrooms | $470K | $448.9K | -4.5% |
| 4 Bedrooms | $514.4K | $507.4K | -1.4% |
| 5+ Bedrooms | $555K | $532.9K | -4.0% |
Summary: Cadence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Neighborhoods
| Valley View | $346.5K | $360K | +3.9% |
| Weston Hills | $425K | $430K | +1.2% |
| Tuscany | $575K | $580.1K | +0.9% |
| Cadence | $480K | $455K | -5.2% |
Housing Supply in Cadence, NV
How many homes are available in Cadence, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 130 | 143 | +10.0% |
Summary: The Cadence real estate market had 143 homes for sale in April 2024, a 10.0% increase 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 | 12 | 21 | +75.0% |
| 3 Bedrooms | 101 | 106 | +5.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cadence 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 increased by 75%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cadence, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Cadence in April 2024, up by 14.3% month-over-month. Of the 32 sold homes, 63% were sold under asking, 22% were sold at asking, and 16% were sold over asking.
Days on Market for Cadence, NV
How long does it take to sell a home in Cadence, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 62 Days | +8.3% |
Summary: Homes in Cadence had an average of 62 days on market in Apr 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cadence has remained consistent over time.
Summary: During April 2024, 32 homes were sold in Cadence; 31% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 25% 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.