Is Summerlin, 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, Summerlin has remained a Seller's Market.
Key Takeaway
Summerlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerlin, NV
How much do homes in Summerlin, NV cost?
Median Sold Price
$439,889
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Summerlin have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Summerlin was $439,889 in April 2024, up 1.1% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $185K | -5.1% |
| 2 Bedrooms | $365.7K | $365K | -0.2% |
| 3 Bedrooms | $454.9K | $463.7K | +1.9% |
| 4 Bedrooms | $580K | $581K | 0.2% |
| 5+ Bedrooms | $725K | $815K | +12.4% |
Summary: Summerlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in Summerlin, NV
How many homes are available in Summerlin, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 494 | 538 | +8.9% |
Summary: The Summerlin real estate market had 538 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 234 | 253 | +8.1% |
| 3 Bedrooms | 134 | 154 | +14.9% |
| 4 Bedrooms | 77 | 80 | +3.9% |
| 5+ Bedrooms | 39 | 39 | 0.0% |
Summary: The Summerlin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 147 | 162 | +10.2% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerlin, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 162 homes were sold or pending in Summerlin in April 2024, up by 10.2% month-over-month. Of the 162 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.
Days on Market for Summerlin, NV
How long does it take to sell a home in Summerlin, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 26 Days | -50.3% |
Summary: Homes in Summerlin had an average of 26 days on market in Apr 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerlin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 162 homes were sold in Summerlin; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% 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.