Is Central 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, Central Las Vegas has remained a Seller's Market.
Housing Prices in Central Las Vegas, NV
How much do homes in Central Las Vegas, NV cost?
Median Sold Price
$347,191
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $199.9K | +2.5% |
2 Bedrooms | $250K | $258.1K | +3.3% |
3 Bedrooms | $350K | $350K | 0.0% |
4 Bedrooms | $417.6K | $414.2K | -0.8% |
5+ Bedrooms | $530K | $572.5K | +8.0% |
Summary: Central Las Vegas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 8%.
Housing Supply in Central Las Vegas, NV
How many homes are available in Central Las Vegas, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,262 | 1,408 | +11.6% |
Summary: The Central Las Vegas real estate market had 1,408 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 91 | 107 | +17.6% |
2 Bedrooms | 356 | 388 | +9.0% |
3 Bedrooms | 465 | 511 | +9.9% |
4 Bedrooms | 263 | 297 | +12.9% |
5+ Bedrooms | 87 | 105 | +20.7% |
Summary: The Central Las Vegas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
286 | 314 | +9.8% |
Asking Price vs. Sold Price
154 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
87 Homes Were Sold
Over Asking
Summary: A total of 314 homes were sold or pending in Central Las Vegas in April 2024, up by 9.8% month-over-month. Of the 314 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Central Las Vegas, NV
How long does it take to sell a home in Central Las Vegas, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 31 Days | -30.3% |
Summary: Homes in Central Las Vegas had an average of 31 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
217 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During April 2024, 314 homes were sold in Central Las Vegas; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.