Is West Las Vegas, 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, West Las Vegas has remained a Seller's Market.
Key Takeaway
West Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Las Vegas, NV
How much do homes in West Las Vegas, NV cost?
Median Sold Price
$326,666
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Las Vegas have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in West Las Vegas was $326,666 in April 2024, down 6.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $168.4K | +2.1% |
| 2 Bedrooms | $279K | $275K | -1.4% |
| 3 Bedrooms | $343K | $319.3K | -6.9% |
| 4 Bedrooms | $445K | $355.5K | -20.1% |
| 5+ Bedrooms | $549.1K | $420K | -23.5% |
Summary: West Las Vegas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes decreased by 23.5%.
Housing Supply in West Las Vegas, NV
How many homes are available in West Las Vegas, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 111 | 0.0% |
Summary: The West Las Vegas real estate market had 111 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 45 | 50 | +11.1% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The West Las Vegas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Las Vegas, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in West Las Vegas in April 2024, up by 43.5% month-over-month. Of the 33 sold homes, 45% were sold under asking, 24% were sold at asking, and 30% were sold over asking.
Days on Market for West Las Vegas, NV
How long does it take to sell a home in West Las Vegas, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -27.9% |
Summary: Homes in West Las Vegas had an average of 28 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in West Las Vegas; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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.