Is Foothills, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Foothills is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Foothills has remained a Seller's Market.

Key Takeaway

Foothills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Foothills, NV

How much do homes in Foothills, NV cost?

Median Sold Price

$500,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,000(+1.4%)

Key Takeaway

Homes in Foothills have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Foothills was $500,000 in April 2024, up 1.4% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $280K$325K
+16.1%
3 $440K$425K
-3.4%
4 $515K$542.5K
+5.3%
5+ $565K$715K
+26.5%

Summary: Foothills 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 increased by 16.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 26.5%.

Housing Supply in Foothills, NV

How many homes are available in Foothills, NV?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3734-8.1%

Summary: The Foothills real estate market had 34 homes for sale in April 2024, a 8.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1411
-21.4%
4 1315
+15.4%
5+ 97
-22.2%

Summary: The Foothills 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 21.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
616+166.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Foothills, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Foothills in April 2024, up by 166.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.

Days on Market for Foothills, NV

How long does it take to sell a home in Foothills, NV?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days27 Days+12.2%

Summary: Homes in Foothills had an average of 27 days on market in Apr 2024, up by 12.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Foothills are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 16 homes were sold in Foothills; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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