Is Laughlin, 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, Laughlin was a Buyer's Market.
Key Takeaway
Laughlin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Laughlin, NV
How much do homes in Laughlin, NV cost?
Median Sold Price
$247,450
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Laughlin have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Laughlin was $247,450 in May 2024, up 6.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $130.1K | +2.0% |
| 2 Bedrooms | $180K | $184K | +2.2% |
| 3 Bedrooms | $295K | $300.2K | +1.8% |
| 4 Bedrooms | $392.5K | $407.5K | +3.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Laughlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Housing Supply in Laughlin, NV
How many homes are available in Laughlin, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 121 | 117 | -3.3% |
Summary: The Laughlin real estate market had 117 homes for sale in May 2024, a 3.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 65 | 59 | -9.2% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Laughlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laughlin, you may be able to get a good deal. 89.5% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Laughlin in May 2024, down by 26.9% month-over-month. Of the 19 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Laughlin, NV
How long does it take to sell a home in Laughlin, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 78 Days | +36.0% |
Summary: Homes in Laughlin had an average of 78 days on market in May 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Laughlin has remained consistent over time.
Summary: During May 2024, 19 homes were sold in Laughlin; 26% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 37% 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.