Is Sun City Summerlin, 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, Sun City Summerlin has remained a Seller's Market.
Housing Prices in Sun City Summerlin, NV
How much do homes in Sun City Summerlin, NV cost?
Median Sold Price
$430,625
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sun City Summerlin was $430,625 in April 2024, up 0.8% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | - | N/A |
2 Bedrooms | $407.7K | $411.9K | +1.0% |
3 Bedrooms | $680K | $699.9K | +2.9% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Sun City Summerlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sun City Summerlin, NV
How many homes are available in Sun City Summerlin, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
155 | 156 | +0.6% |
Summary: The Sun City Summerlin real estate market had 156 homes for sale in April 2024, a 0.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 132 | 136 | +3.0% |
3 Bedrooms | 22 | 20 | -9.1% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Sun City Summerlin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 58 | +20.8% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Sun City Summerlin in April 2024, up by 20.8% month-over-month. Of the 58 sold homes, 60% were sold under asking, 21% were sold at asking, and 19% were sold over asking.
Days on Market for Sun City Summerlin, NV
How long does it take to sell a home in Sun City Summerlin, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 26 Days | -60.2% |
Summary: Homes in Sun City Summerlin had an average of 26 days on market in Apr 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Sun City Summerlin; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.