Is Mesquite, 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, Mesquite was a Buyer's Market.
Key Takeaway
Mesquite is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mesquite, NV
How much do homes in Mesquite, NV cost?
Median Sold Price
$359,750
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mesquite have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Mesquite was $359,750 in May 2024, down 1.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119.5K | N/A |
| 2 Bedrooms | $269K | $355K | +32.0% |
| 3 Bedrooms | $390K | $375K | -3.8% |
| 4 Bedrooms | $372.4K | $359.9K | -3.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mesquite housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mesquite | $366.5K | $359.7K | -1.8% |
| Mesquite | $366.5K | $359.7K | -1.8% |
Housing Supply in Mesquite, NV
How many homes are available in Mesquite, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 72 | -2.7% |
Summary: The Mesquite real estate market had 72 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 29 | 23 | -20.7% |
| 3 Bedrooms | 34 | 40 | +17.6% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mesquite housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mesquite, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Mesquite in May 2024, down by 20.0% month-over-month. Of the 16 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Mesquite, NV
How long does it take to sell a home in Mesquite, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 97 Days | +30.6% |
Summary: Homes in Mesquite had an average of 97 days on market in May 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mesquite are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 16 homes were sold in Mesquite; 19% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 50% 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.