Is North 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, North Las Vegas has remained a Seller's Market.
Key Takeaway
North Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Las Vegas, NV
How much do homes in North Las Vegas, NV cost?
Median Sold Price
$398,988
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Las Vegas have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in North Las Vegas was $398,988 in April 2024, down 0.7% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $202.5K | -5.8% |
| 2 Bedrooms | $330K | $329.2K | -0.2% |
| 3 Bedrooms | $382.5K | $378.6K | -1.0% |
| 4 Bedrooms | $435K | $424.5K | -2.4% |
| 5+ Bedrooms | $493.7K | $500K | +1.3% |
Summary: North Las Vegas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in North Las Vegas, NV
How many homes are available in North Las Vegas, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,024 | 1,085 | +6.0% |
Summary: The North Las Vegas real estate market had 1,085 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 94 | 87 | -7.4% |
| 3 Bedrooms | 512 | 555 | +8.4% |
| 4 Bedrooms | 305 | 325 | +6.6% |
| 5+ Bedrooms | 111 | 114 | +2.7% |
Summary: The North Las Vegas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 263 | 315 | +19.8% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
109 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Las Vegas, you may be able to get a good deal. 39% of homes here sold below asking price last month.
Summary: A total of 315 homes were sold or pending in North Las Vegas in April 2024, up by 19.8% month-over-month. Of the 315 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for North Las Vegas, NV
How long does it take to sell a home in North Las Vegas, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 36 Days | -32.3% |
Summary: Homes in North Las Vegas had an average of 36 days on market in Apr 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
199 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 315 homes were sold in North Las Vegas; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% 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.