Is Pahrump, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pahrump was a Seller's Market.
Housing Prices in Pahrump, NV
How much do homes in Pahrump, NV cost?
Median Sold Price
$355,766
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pahrump was $355,766 in March 2024, down 5.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279.9K | $160K | -42.9% |
2 Bedrooms | $310K | $306K | -1.3% |
3 Bedrooms | $370K | $354.1K | -4.3% |
4 Bedrooms | $425K | $400K | -5.9% |
5+ Bedrooms | $490K | $455.7K | -7.0% |
Summary: Pahrump housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
Clark | $525.3K | $527.6K | 0.4% |
Pahrump | $375K | $355.7K | -5.1% |
Housing Supply in Pahrump, NV
How many homes are available in Pahrump, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
327 | 343 | +4.9% |
Summary: The Pahrump real estate market had 343 homes for sale in March 2024, a 4.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 39 | 45 | +15.4% |
3 Bedrooms | 204 | 213 | +4.4% |
4 Bedrooms | 61 | 61 | 0.0% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Pahrump housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 53 | -1.9% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Pahrump in March 2024, down by 1.9% month-over-month. Of the 53 sold homes, 60% were sold under asking, 21% were sold at asking, and 19% were sold over asking.
Days on Market for Pahrump, NV
How long does it take to sell a home in Pahrump, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 57 Days | -13.3% |
Summary: Homes in Pahrump had an average of 57 days on market in Mar 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in Pahrump; 42% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.