Is Summerlin West, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Summerlin West has remained a Seller's Market.
Key Takeaway
Summerlin West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerlin West, NV
How much do homes in Summerlin West, NV cost?
Median Sold Price
$650,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Summerlin West have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Summerlin West was $650,000 in June 2024, up 1.2% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $416.5K | +6.8% |
| 3 Bedrooms | $520.4K | $552.5K | +6.2% |
| 4 Bedrooms | $790K | $772.5K | -2.2% |
| 5+ Bedrooms | $908K | $949K | +4.5% |
Summary: Summerlin West housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Summerlin West, NV
How many homes are available in Summerlin West, NV?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Summerlin West real estate market had 56 homes for sale in June 2024, a 16.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 23 | +76.9% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Summerlin West housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 76.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Summerlin West, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Summerlin West in June 2024, up by 13.3% month-over-month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for Summerlin West, NV
How long does it take to sell a home in Summerlin West, NV?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 57 Days | 24 Days | -57.1% |
Summary: Homes in Summerlin West had an average of 24 days on market in Jun 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerlin West are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Summerlin West; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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.