Is Central Las Vegas, 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, Central Las Vegas has remained a Seller's Market.
Key Takeaway
Central Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Las Vegas, NV
How much do homes in Central Las Vegas, NV cost?
Median Sold Price
$347,191
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Central Las Vegas has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $199.9K | +2.5% |
| 2 Bedrooms | $250K | $258.1K | +3.3% |
| 3 Bedrooms | $350K | $350K | 0.0% |
| 4 Bedrooms | $417.6K | $414.2K | -0.8% |
| 5+ Bedrooms | $530K | $572.5K | +8.0% |
Summary: Central Las Vegas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 8%.
Housing Supply in Central Las Vegas, NV
How many homes are available in Central Las Vegas, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,262 | 1,408 | +11.6% |
Summary: The Central Las Vegas real estate market had 1,408 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 91 | 107 | +17.6% |
| 2 Bedrooms | 356 | 388 | +9.0% |
| 3 Bedrooms | 465 | 511 | +9.9% |
| 4 Bedrooms | 263 | 297 | +12.9% |
| 5+ Bedrooms | 87 | 105 | +20.7% |
Summary: The Central Las Vegas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 286 | 314 | +9.8% |
Asking Price vs. Sold Price
154 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
87 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Las Vegas, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 314 homes were sold or pending in Central Las Vegas in April 2024, up by 9.8% month-over-month. Of the 314 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Central Las Vegas, NV
How long does it take to sell a home in Central Las Vegas, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 31 Days | -30.3% |
Summary: Homes in Central Las Vegas had an average of 31 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
217 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 314 homes were sold in Central Las Vegas; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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.