Is The Ridges, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Ridges was a Neutral Market.
Key Takeaway
The Ridges is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Ridges, NV
How much do homes in The Ridges, NV cost?
Median Sold Price
$2,500,000
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in The Ridges has remained the same since last year.
Summary: The median home sold price in The Ridges was $2,500,000 in April 2024, the same as last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $822K | $882K | +7.3% |
| 3 Bedrooms | $1.8M | $1.1M | -40.0% |
| 4 Bedrooms | $2.8M | $2.9M | +4.5% |
| 5+ Bedrooms | $5.0M | $5.6M | +13.0% |
Summary: The Ridges 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 7.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
| Red Rock Country Club | $1.6M | $1.9M | +17.3% |
| The Ridges | $2.4M | $2.5M | 0.0% |
Housing Supply in The Ridges, NV
How many homes are available in The Ridges, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 62 | +1.6% |
Summary: The The Ridges real estate market had 62 homes for sale in April 2024, a 1.6% 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The The Ridges 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 22.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Ridges, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in The Ridges in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for The Ridges, NV
How long does it take to sell a home in The Ridges, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 73 Days | 56 Days | -23.3% |
Summary: Homes in The Ridges had an average of 56 days on market in Apr 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Ridges are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in The Ridges; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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.