Is Summerlin South, 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, Summerlin South has remained a Seller's Market.
Key Takeaway
Summerlin South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerlin South, NV
How much do homes in Summerlin South, NV cost?
Median Sold Price
$645,900
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Summerlin South have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Summerlin South was $645,900 in March 2024, down 0.9% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372K | $350K | -5.9% |
| 2 Bedrooms | $517.5K | $485K | -6.3% |
| 3 Bedrooms | $595.6K | $595K | -0.1% |
| 4 Bedrooms | $882.5K | $940K | +6.5% |
| 5+ Bedrooms | $2.0M | $2.1M | +4.7% |
Summary: Summerlin South housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in Summerlin South, NV
How many homes are available in Summerlin South, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 223 | 262 | +17.5% |
Summary: The Summerlin South real estate market had 262 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 58 | 59 | +1.7% |
| 3 Bedrooms | 84 | 107 | +27.4% |
| 4 Bedrooms | 50 | 56 | +12.0% |
| 5+ Bedrooms | 30 | 38 | +26.7% |
Summary: The Summerlin South housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 53 | +1.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerlin South, you may be able to get a good deal. 66% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Summerlin South in March 2024, up by 1.9% month-over-month. Of the 53 sold homes, 66% were sold under asking, 19% were sold at asking, and 15% were sold over asking.
Days on Market for Summerlin South, NV
How long does it take to sell a home in Summerlin South, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 44 Days | -19.0% |
Summary: Homes in Summerlin South had an average of 44 days on market in Mar 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerlin South are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 53 homes were sold in Summerlin South; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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.