Is Madeira Canyon, 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, Madeira Canyon has remained a Seller's Market.
Housing Prices in Madeira Canyon, NV
How much do homes in Madeira Canyon, NV cost?
Median Sold Price
$690,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madeira Canyon was $690,000 in May 2024, down 11% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $535K | - | N/A |
3 Bedrooms | $543.2K | $476K | -12.4% |
4 Bedrooms | $882.5K | $987.5K | +11.9% |
5+ Bedrooms | $950K | $1.0M | +13.7% |
Summary: Madeira Canyon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Neighborhoods
The Club | $957.5K | $1.0M | +8.4% |
Madeira Canyon | $775K | $690K | -11.0% |
Housing Supply in Madeira Canyon, NV
How many homes are available in Madeira Canyon, NV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Summary: The Madeira Canyon real estate market had 22 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Madeira Canyon 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Madeira Canyon in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Madeira Canyon, NV
How long does it take to sell a home in Madeira Canyon, NV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 23 Days | -71.6% |
Summary: Homes in Madeira Canyon had an average of 23 days on market in May 2024, down by 71.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Madeira Canyon; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.