$2,000,000
5.00 Acres
Land
Anwar Bawany, Listing Office: ERA Brokers Consolidated
Is Las Vegas Original Townsite, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Las Vegas Original Townsite has remained a Seller's Market.
Key Takeaway
Las Vegas Original Townsite is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Las Vegas Original Townsite, NV
How much do homes in Las Vegas Original Townsite, NV cost?
Median Sold Price
$427,500
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+6.9%)
Key Takeaway
Homes in Las Vegas Original Townsite have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Las Vegas Original Townsite was $427,500 in October 2024, up 6.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $140.9K | -11.9% |
| 2 Bedrooms | $310K | $265K | -14.5% |
| 3 Bedrooms | $399.1K | $394K | -1.3% |
| 4 Bedrooms | $520K | $508.8K | -2.1% |
| 5+ Bedrooms | $850K | $810K | -4.7% |
Summary: Las Vegas Original Townsite housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| West Las Vegas | $325K | $350K | +7.7% |
| Las Vegas Original Townsite | $400K | $427.5K | +6.9% |
| Central Las Vegas | $339.4K | $360.6K | +6.2% |
Housing Supply in Las Vegas Original Townsite, NV
How many homes are available in Las Vegas Original Townsite, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 80 | +8.1% |
Summary: The Las Vegas Original Townsite real estate market had 80 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Las Vegas Original Townsite housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 36 | +1100.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Las Vegas Original Townsite, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Las Vegas Original Townsite in October 2024, up by 1100.0% month-over-month. Of the 35 sold homes, 57% were sold under asking, 31% were sold at asking, and 11% were sold over asking.
Days on Market for Las Vegas Original Townsite, NV
How long does it take to sell a home in Las Vegas Original Townsite, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 41 Days | -9.1% |
Summary: Homes in Las Vegas Original Townsite had an average of 41 days on market in Oct 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Las Vegas Original Townsite are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Las Vegas Original Townsite; 47% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% 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.