$10,000 Closing Credit*
$1,250,000
2,805 SqFt
3 Beds
•3 Full Baths
Alla Margaryan, Listing Office: Vegas Realty Experts
Is Central Las Vegas, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Central Las Vegas was a Seller's Market.
Key Takeaway
Central Las Vegas 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 Central Las Vegas, NV
How much do homes in Central Las Vegas, NV cost?
Median Sold Price
$363,357
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,584(+6.9%)
Key Takeaway
Homes in Central Las Vegas have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Central Las Vegas was $363,357 in November 2024, up 6.9% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $199.9K | +5.2% |
| 2 Bedrooms | $250K | $261.6K | +4.7% |
| 3 Bedrooms | $340.3K | $369.2K | +8.5% |
| 4 Bedrooms | $401.5K | $430K | +7.1% |
| 5+ Bedrooms | $545K | $620K | +13.8% |
Summary: Central Las Vegas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in Central Las Vegas, NV
How many homes are available in Central Las Vegas, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,402 | 1,480 | +5.6% |
Summary: The Central Las Vegas real estate market had 1,480 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 102 | 108 | +5.9% |
| 2 Bedrooms | 388 | 419 | +8.0% |
| 3 Bedrooms | 536 | 551 | +2.8% |
| 4 Bedrooms | 285 | 293 | +2.8% |
| 5+ Bedrooms | 91 | 109 | +19.8% |
Summary: The Central Las Vegas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 19.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 278 | 226 | -18.7% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Las Vegas, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 226 homes were sold or pending in Central Las Vegas in November 2024, down by 18.7% month-over-month. Of the 225 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Central Las Vegas, NV
How long does it take to sell a home in Central Las Vegas, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 44 Days | +67.1% |
Summary: Homes in Central Las Vegas had an average of 44 days on market in Nov 2024, up by 67.1% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
76 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 226 homes were sold in Central Las Vegas; 51% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% 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.