Is Paradise, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Paradise has remained a Seller's Market.
Housing Prices in Paradise, NV
How much do homes in Paradise, NV cost?
Median Sold Price
$349,789
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Paradise was $349,789 in March 2024, down 0.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.6K | $250K | -1.1% |
2 Bedrooms | $245.9K | $240K | -2.4% |
3 Bedrooms | $365K | $360.9K | -1.1% |
4 Bedrooms | $450K | $445K | -1.1% |
5+ Bedrooms | $600K | $510K | -15.0% |
Summary: Paradise housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 15%.
Housing Supply in Paradise, NV
How many homes are available in Paradise, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
688 | 756 | +9.9% |
Summary: The Paradise real estate market had 756 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 102 | 122 | +19.6% |
2 Bedrooms | 217 | 236 | +8.8% |
3 Bedrooms | 208 | 228 | +9.6% |
4 Bedrooms | 111 | 119 | +7.2% |
5+ Bedrooms | 50 | 51 | +2.0% |
Summary: The Paradise housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 152 | +17.8% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 152 homes were sold or pending in Paradise in March 2024, up by 17.8% month-over-month. Of the 152 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Paradise, NV
How long does it take to sell a home in Paradise, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 44 Days | -14.9% |
Summary: Homes in Paradise had an average of 44 days on market in Mar 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During March 2024, 152 homes were sold in Paradise; 61% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.