Is Rancho Viejo, 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, Rancho Viejo has remained a Seller's Market.
Key Takeaway
Rancho Viejo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rancho Viejo, NV
How much do homes in Rancho Viejo, NV cost?
Median Sold Price
$406,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rancho Viejo have sold for 5% less than they did a year ago.
Summary: The median home sold price in Rancho Viejo was $406,000 in April 2024, down 5% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $198K | -1.0% |
| 2 Bedrooms | $280.8K | $272.9K | -2.8% |
| 3 Bedrooms | $418K | $410K | -1.9% |
| 4 Bedrooms | $535K | $525K | -1.9% |
| 5+ Bedrooms | $675K | $620K | -8.1% |
Summary: Rancho Viejo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in Rancho Viejo, NV
How many homes are available in Rancho Viejo, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 133 | 132 | -0.8% |
Summary: The Rancho Viejo real estate market had 132 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 36 | 33 | -8.3% |
| 3 Bedrooms | 50 | 55 | +10.0% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 19 | 15 | -21.1% |
Summary: The Rancho Viejo 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 8.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rancho Viejo, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Rancho Viejo in April 2024, down by 19.6% month-over-month. Of the 37 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for Rancho Viejo, NV
How long does it take to sell a home in Rancho Viejo, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 34 Days | -52.1% |
Summary: Homes in Rancho Viejo had an average of 34 days on market in Apr 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rancho Viejo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Rancho Viejo; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.