$2,671 Closing Credit*
$224,900
1,128 SqFt
2 Beds
•2 Full Baths
Hardavinder Gill, Listing Office: Realty ONE Group, Inc
Is Michael Way, 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, Michael Way has remained a Seller's Market.
Key Takeaway
Michael Way is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Michael Way, NV
How much do homes in Michael Way, NV cost?
Median Sold Price
$349,966
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,700(+9.3%)
Key Takeaway
Homes in Michael Way have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Michael Way was $349,966 in October 2024, up 9.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | $169.9K | +5.3% |
| 2 Bedrooms | $215K | $221.9K | +3.2% |
| 3 Bedrooms | $338K | $367K | +8.6% |
| 4 Bedrooms | $380K | $404K | +6.3% |
| 5+ Bedrooms | $445K | $570K | +28.1% |
Summary: Michael Way housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 28.1%.
Housing Supply in Michael Way, NV
How many homes are available in Michael Way, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 182 | 204 | +12.1% |
Summary: The Michael Way real estate market had 204 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 47 | 63 | +34.0% |
| 3 Bedrooms | 79 | 79 | 0.0% |
| 4 Bedrooms | 35 | 42 | +20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Michael Way housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 34%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Michael Way, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in Michael Way in October 2024, up by 25.0% month-over-month. Of the 40 sold homes, 35% were sold under asking, 40% were sold at asking, and 25% were sold over asking.
Days on Market for Michael Way, NV
How long does it take to sell a home in Michael Way, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 35 Days | +72.6% |
Summary: Homes in Michael Way had an average of 35 days on market in Oct 2024, up by 72.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Michael Way are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in Michael Way; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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.