Is North 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
Since last year, North Las Vegas has remained a Seller's Market.
Housing Prices in North Las Vegas, NV
How much do homes in North Las Vegas, NV cost?
Median Sold Price
$400,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Las Vegas was $400,000 in May 2024, up 0.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $195K | -9.3% |
2 Bedrooms | $330K | $326K | -1.2% |
3 Bedrooms | $377.6K | $380.9K | +0.9% |
4 Bedrooms | $430K | $425K | -1.2% |
5+ Bedrooms | $488.9K | $502K | +2.7% |
Summary: North Las Vegas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in North Las Vegas, NV
How many homes are available in North Las Vegas, NV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,095 | 1,101 | +0.5% |
Summary: The North Las Vegas real estate market had 1,101 homes for sale in May 2024, a 0.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 80 | 66 | -17.5% |
3 Bedrooms | 566 | 582 | +2.8% |
4 Bedrooms | 329 | 335 | +1.8% |
5+ Bedrooms | 116 | 114 | -1.7% |
Summary: The North Las Vegas 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 17.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 1.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
323 | 314 | -2.8% |
Asking Price vs. Sold Price
128 Homes Were Sold
Under Asking
96 Homes Were Sold
At Asking
90 Homes Were Sold
Over Asking
Summary: A total of 314 homes were sold or pending in North Las Vegas in May 2024, down by 2.8% month-over-month. Of the 314 sold homes, 41% were sold under asking, 31% were sold at asking, and 29% were sold over asking.
Days on Market for North Las Vegas, NV
How long does it take to sell a home in North Las Vegas, NV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 26 Days | -43.9% |
Summary: Homes in North Las Vegas had an average of 26 days on market in May 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
223 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 314 homes were sold in North Las Vegas; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.