Is Las Vegas Original Townsite, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Las Vegas Original Townsite has remained a Seller's Market.
Key Takeaway
Las Vegas Original Townsite is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Las Vegas Original Townsite, NV
How much do homes in Las Vegas Original Townsite, NV cost?
Median Sold Price
$430,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Las Vegas Original Townsite have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Las Vegas Original Townsite was $430,000 in May 2024, up 2.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $140.9K | -21.7% |
| 2 Bedrooms | $285K | $310K | +8.8% |
| 3 Bedrooms | $403K | $427K | +6.0% |
| 4 Bedrooms | $599.5K | $493K | -17.8% |
| 5+ Bedrooms | $729.2K | $641.5K | -12.0% |
Summary: Las Vegas Original Townsite housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Neighborhoods
| Las Vegas Original Townsite | $419.9K | $430K | +2.4% |
| Central Las Vegas | $344.5K | $350K | +1.6% |
| West Las Vegas | $347.9K | $335K | -3.7% |
Housing Supply in Las Vegas Original Townsite, NV
How many homes are available in Las Vegas Original Townsite, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 44 | -17.0% |
Summary: The Las Vegas Original Townsite real estate market had 44 homes for sale in May 2024, a 17.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Las Vegas Original Townsite housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 24 | +100.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Las Vegas Original Townsite, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Las Vegas Original Townsite in May 2024, up by 100.0% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Las Vegas Original Townsite, NV
How long does it take to sell a home in Las Vegas Original Townsite, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 37 Days | -8.7% |
Summary: Homes in Las Vegas Original Townsite had an average of 37 days on market in May 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Las Vegas Original Townsite are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Las Vegas Original Townsite; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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.