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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mesquite is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Mesquite, NV

How much do homes in Mesquite, NV cost?

Median Sold Price

$355,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,000(-2.7%)

Key Takeaway

Homes in Mesquite have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Mesquite was $355,000 in February 2024, down 2.7% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$119K
N/A
2 $235K$345K
+46.8%
3 $394K$357K
-9.4%
4 $393.5K$369.4K
-6.1%
5+ --
N/A

Summary: Mesquite housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mesquite
-2.7%
Mesquite
-2.7%

Housing Supply in Mesquite, NV

How many homes are available in Mesquite, NV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7073+4.3%

Summary: The Mesquite real estate market had 73 homes for sale in February 2024, a 4.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2126
+23.8%
3 3534
-2.9%
4 1312
-7.7%
5+ 00
0.0%

Summary: The Mesquite housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mesquite, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Mesquite in February 2024, down by 23.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Mesquite, NV

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

Average Sale Time

Feb 2023Feb 2024CHANGE
118 Days52 Days-55.4%

Summary: Homes in Mesquite had an average of 52 days on market in Feb 2024, down by 55.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 10 homes were sold in Mesquite; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

Newest Listings in Mesquite, NV

Nearby Markets to Mesquite, NV

What housing markets are near Mesquite, NV?