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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laughlin is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Laughlin was a Seller's Market.

Key Takeaway

Laughlin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Laughlin, NV

How much do homes in Laughlin, NV cost?

Median Sold Price

$249,900

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$11,900(+5.0%)

Key Takeaway

Homes in Laughlin have sold for 5% more than they did a year ago.

Summary: The median home sold price in Laughlin was $249,900 in August 2024, up 5% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $125K$132.3K
+5.8%
2 $184.5K$182.5K
-1.1%
3 $300K$300K
0.0%
4 $407.5K$384.9K
-5.5%
5+ --
N/A

Summary: Laughlin housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes did not change.

Housing Supply in Laughlin, NV

How many homes are available in Laughlin, NV?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
124129+4.0%

Summary: The Laughlin real estate market had 129 homes for sale in August 2024, a 4.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 1114
+27.3%
2 5758
+1.8%
3 4340
-7.0%
4 1216
+33.3%
5+ 11
0.0%

Summary: The Laughlin housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laughlin, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Laughlin in August 2024, up by 54.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.

Days on Market for Laughlin, NV

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

Average Sale Time

Aug 2023Aug 2024CHANGE
46 Days52 Days+13.8%

Summary: Homes in Laughlin had an average of 52 days on market in Aug 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 17 homes were sold in Laughlin; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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 18 Days Ago

Newest Listings in Laughlin, NV

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