Is Michael Way, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Michael Way has remained a Seller's Market.
Key Takeaway
Michael Way is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Michael Way, NV
How much do homes in Michael Way, NV cost?
Median Sold Price
$329,995
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Michael Way have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Michael Way was $329,995 in April 2024, up 1.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $170K | +3.1% |
| 2 Bedrooms | $218K | $219.9K | +0.9% |
| 3 Bedrooms | $347K | $347K | 0.0% |
| 4 Bedrooms | $400K | $395K | -1.3% |
| 5+ Bedrooms | $495K | $450K | -9.1% |
Summary: Michael Way housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in Michael Way, NV
How many homes are available in Michael Way, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 174 | 179 | +2.9% |
Summary: The Michael Way real estate market had 179 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 53 | 52 | -1.9% |
| 3 Bedrooms | 76 | 79 | +3.9% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Michael Way 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 decreased by 1.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 37 | -21.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Michael Way, expect to pay close to the asking price. 37.8% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in Michael Way in April 2024, down by 21.3% month-over-month. Of the 37 sold homes, 35% were sold under asking, 38% were sold at asking, and 27% were sold over asking.
Days on Market for Michael Way, NV
How long does it take to sell a home in Michael Way, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 32 Days | -16.2% |
Summary: Homes in Michael Way had an average of 32 days on market in Apr 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Michael Way are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Michael Way; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.