Is Summerlin South, 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, Summerlin South has remained a Seller's Market.
Key Takeaway
Summerlin South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerlin South, NV
How much do homes in Summerlin South, NV cost?
Median Sold Price
$657,249
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Summerlin South have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Summerlin South was $657,249 in April 2024, up 1.8% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $350K | -2.8% |
| 2 Bedrooms | $507.5K | $490K | -3.4% |
| 3 Bedrooms | $583.7K | $600K | +2.8% |
| 4 Bedrooms | $870K | $1.2M | +43.7% |
| 5+ Bedrooms | $1.7M | $2.2M | +35.3% |
Summary: Summerlin South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 43.7%, and 5+ bedroom homes increased by 35.3%.
Housing Supply in Summerlin South, NV
How many homes are available in Summerlin South, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 248 | 271 | +9.3% |
Summary: The Summerlin South real estate market had 271 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 54 | 57 | +5.6% |
| 3 Bedrooms | 99 | 108 | +9.1% |
| 4 Bedrooms | 54 | 66 | +22.2% |
| 5+ Bedrooms | 39 | 39 | 0.0% |
Summary: The Summerlin South housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 84 | +52.7% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerlin South, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Summerlin South in April 2024, up by 52.7% month-over-month. Of the 84 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Summerlin South, NV
How long does it take to sell a home in Summerlin South, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 37 Days | -28.6% |
Summary: Homes in Summerlin South had an average of 37 days on market in Apr 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerlin South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 84 homes were sold in Summerlin South; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 14% 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.