Is Water Street District, 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, Water Street District was a Neutral Market.
Key Takeaway
Water Street District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Water Street District, NV
How much do homes in Water Street District, NV cost?
Median Sold Price
$302,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Water Street District have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Water Street District was $302,500 in April 2024, down 6.9% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | - | N/A |
| 2 Bedrooms | $252.9K | $270K | +6.8% |
| 3 Bedrooms | $340K | $318.7K | -6.3% |
| 4 Bedrooms | $349.9K | $372.5K | +6.4% |
| 5+ Bedrooms | $495K | $567.5K | +14.6% |
Summary: Water Street District 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 6.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Black Mountain | $399.9K | $400K | 0.0% |
| Water Street District | $325K | $302.5K | -6.9% |
Housing Supply in Water Street District, NV
How many homes are available in Water Street District, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Water Street District real estate market had 36 homes for sale in April 2024, a 12.5% 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Water Street District 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 36.4%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Water Street District, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Water Street District in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Water Street District, NV
How long does it take to sell a home in Water Street District, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 15 Days | -72.0% |
Summary: Homes in Water Street District had an average of 15 days on market in Apr 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Water Street District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Water Street District; 75% of homes were sold within 30 days, 25% 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.