Is Paradise, 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, Paradise has remained a Seller's Market.
Key Takeaway
Paradise is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paradise, NV
How much do homes in Paradise, NV cost?
Median Sold Price
$349,973
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Paradise has remained the same since last year.
Summary: The median home sold price in Paradise was $349,973 in April 2024, the same as last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.3K | $250K | +13.0% |
| 2 Bedrooms | $245.4K | $239.9K | -2.2% |
| 3 Bedrooms | $361.3K | $365.9K | +1.3% |
| 4 Bedrooms | $450K | $445K | -1.1% |
| 5+ Bedrooms | $583K | $517.5K | -11.2% |
Summary: Paradise housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in Paradise, NV
How many homes are available in Paradise, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 724 | 802 | +10.8% |
Summary: The Paradise real estate market had 802 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 109 | 123 | +12.8% |
| 2 Bedrooms | 227 | 264 | +16.3% |
| 3 Bedrooms | 216 | 228 | +5.6% |
| 4 Bedrooms | 122 | 132 | +8.2% |
| 5+ Bedrooms | 50 | 55 | +10.0% |
Summary: The Paradise housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 181 | +16.8% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 181 homes were sold or pending in Paradise in April 2024, up by 16.8% month-over-month. Of the 181 sold homes, 52% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Paradise, NV
How long does it take to sell a home in Paradise, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 36 Days | -35.2% |
Summary: Homes in Paradise had an average of 36 days on market in Apr 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paradise are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 181 homes were sold in Paradise; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.