$10,000 Closing Credit*
$1,249,000
4,211 SqFt
4 Beds
•3 Full Baths, 1 Partial
Michael J. Robinson, Listing Office: Robinson Realty & Management
Is Madeira Canyon, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Madeira Canyon was a Buyer's Market.
Key Takeaway
Madeira Canyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madeira Canyon, NV
How much do homes in Madeira Canyon, NV cost?
Median Sold Price
$750,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,050(+7.9%)
Key Takeaway
Homes in Madeira Canyon have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Madeira Canyon was $750,000 in October 2024, up 7.9% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $460K | $487K | +5.9% |
| 4 Bedrooms | $860K | $1.0M | +17.2% |
| 5+ Bedrooms | $850K | $1.1M | +29.4% |
Summary: Madeira Canyon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 29.4%.
Housing Supply in Madeira Canyon, NV
How many homes are available in Madeira Canyon, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The Madeira Canyon real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Madeira Canyon 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madeira Canyon, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Madeira Canyon in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Madeira Canyon, NV
How long does it take to sell a home in Madeira Canyon, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 42 Days | +253.1% |
Summary: Homes in Madeira Canyon had an average of 42 days on market in Oct 2024, up by 253.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madeira Canyon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Madeira Canyon; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.