Is Silverado Ranch, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silverado Ranch has remained a Seller's Market.
Key Takeaway
Silverado Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silverado Ranch, NV
How much do homes in Silverado Ranch, NV cost?
Median Sold Price
$401,250
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Silverado Ranch has remained the same since last year.
Summary: The median home sold price in Silverado Ranch was $401,250 in May 2024, up 0.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $208K | -1.0% |
| 2 Bedrooms | $330K | $325K | -1.5% |
| 3 Bedrooms | $394.9K | $400K | +1.3% |
| 4 Bedrooms | $470K | $479.5K | +2.0% |
| 5+ Bedrooms | $580K | $625K | +7.8% |
Summary: Silverado Ranch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Silverado Ranch, NV
How many homes are available in Silverado Ranch, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 169 | -1.7% |
Summary: The Silverado Ranch real estate market had 169 homes for sale in May 2024, a 1.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 30 | 37 | +23.3% |
| 3 Bedrooms | 76 | 67 | -11.8% |
| 4 Bedrooms | 36 | 33 | -8.3% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Silverado Ranch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 52 | -14.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silverado Ranch, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Silverado Ranch in May 2024, down by 14.8% month-over-month. Of the 52 sold homes, 35% were sold under asking, 35% were sold at asking, and 31% were sold over asking.
Days on Market for Silverado Ranch, NV
How long does it take to sell a home in Silverado Ranch, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 15 Days | -59.6% |
Summary: Homes in Silverado Ranch had an average of 15 days on market in May 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silverado Ranch are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Silverado Ranch; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.