Is Pahrump, 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, Pahrump has remained a Seller's Market.
Key Takeaway
Pahrump is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pahrump, NV
How much do homes in Pahrump, NV cost?
Median Sold Price
$359,937
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pahrump have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Pahrump was $359,937 in May 2024, down 1.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $160.5K | -42.7% |
| 2 Bedrooms | $309.9K | $315K | +1.6% |
| 3 Bedrooms | $365K | $358K | -1.9% |
| 4 Bedrooms | $400K | $417K | +4.3% |
| 5+ Bedrooms | $469.9K | $461.5K | -1.8% |
Summary: Pahrump housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.7%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Clark | $514.9K | $534.2K | +3.7% |
| Pahrump | $365K | $359.9K | -1.4% |
Housing Supply in Pahrump, NV
How many homes are available in Pahrump, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 341 | 343 | +0.6% |
Summary: The Pahrump real estate market had 343 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 228 | 214 | -6.1% |
| 4 Bedrooms | 52 | 64 | +23.1% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Pahrump housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 71 | -6.6% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pahrump, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Pahrump in May 2024, down by 6.6% month-over-month. Of the 71 sold homes, 59% were sold under asking, 30% were sold at asking, and 11% were sold over asking.
Days on Market for Pahrump, NV
How long does it take to sell a home in Pahrump, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 62 Days | +0.8% |
Summary: Homes in Pahrump had an average of 62 days on market in May 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pahrump are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 71 homes were sold in Pahrump; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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. 
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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