Is Southern Highlands, 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, Southern Highlands has remained a Seller's Market.
Key Takeaway
Southern Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern Highlands, NV
How much do homes in Southern Highlands, NV cost?
Median Sold Price
$555,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southern Highlands have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Southern Highlands was $555,000 in April 2024, up 1.3% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415K | $433.5K | +4.5% |
| 3 Bedrooms | $485K | $459.5K | -5.3% |
| 4 Bedrooms | $597.5K | $624.9K | +4.6% |
| 5+ Bedrooms | $1.2M | $962.5K | -19.8% |
Summary: Southern Highlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Southern Highlands | $547.9K | $555K | +1.3% |
| Enterprise | $468.4K | $458.9K | -2.0% |
Housing Supply in Southern Highlands, NV
How many homes are available in Southern Highlands, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 127 | 143 | +12.6% |
Summary: The Southern Highlands real estate market had 143 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 51 | 61 | +19.6% |
| 4 Bedrooms | 43 | 43 | 0.0% |
| 5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Southern Highlands 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 increased by 33.3%, 3 bedroom homes increased by 19.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern Highlands, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Southern Highlands in April 2024, the same as the previous month. Of the 32 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Southern Highlands, NV
How long does it take to sell a home in Southern Highlands, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 33 Days | -40.3% |
Summary: Homes in Southern Highlands had an average of 33 days on market in Apr 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southern Highlands are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in Southern Highlands; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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.