Is Lake Las Vegas, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Las Vegas was a Seller's Market.
Key Takeaway
Lake Las Vegas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Las Vegas, NV
How much do homes in Lake Las Vegas, NV cost?
Median Sold Price
$647,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Las Vegas have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Lake Las Vegas was $647,000 in May 2024, down 2.7% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266.7K | $237.2K | -11.1% |
| 2 Bedrooms | $455K | $445K | -2.2% |
| 3 Bedrooms | $644.9K | $626.9K | -2.8% |
| 4 Bedrooms | $1.1M | $1.1M | -0.4% |
| 5+ Bedrooms | $1.9M | $1.4M | -25.6% |
Summary: Lake Las Vegas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in Lake Las Vegas, NV
How many homes are available in Lake Las Vegas, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 169 | 189 | +11.8% |
Summary: The Lake Las Vegas real estate market had 189 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 27 | 34 | +25.9% |
| 3 Bedrooms | 84 | 90 | +7.1% |
| 4 Bedrooms | 42 | 49 | +16.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lake Las Vegas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Las Vegas, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Lake Las Vegas in May 2024, down by 28.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Lake Las Vegas, NV
How long does it take to sell a home in Lake Las Vegas, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 119 Days | +54.8% |
Summary: Homes in Lake Las Vegas had an average of 119 days on market in May 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Las Vegas are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 18 homes were sold in Lake Las Vegas; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% 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.