$4,691 Closing Credit*
$395,000
1,368 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael Parks, Listing Office: Las Vegas Housing Experts LLC
Is Michael Way, 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, Michael Way was a Seller's Market.
Key Takeaway
Michael Way 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 Michael Way, NV
How much do homes in Michael Way, NV cost?
Median Sold Price
$350,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+9.2%)
Key Takeaway
Homes in Michael Way have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Michael Way was $350,000 in November 2024, up 9.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.2K | $169.9K | +4.1% |
| 2 Bedrooms | $215K | $222.2K | +3.4% |
| 3 Bedrooms | $340K | $370K | +8.8% |
| 4 Bedrooms | $383.5K | $404.5K | +5.5% |
| 5+ Bedrooms | $436K | $550K | +26.1% |
Summary: Michael Way housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 26.1%.
Housing Supply in Michael Way, NV
How many homes are available in Michael Way, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 190 | 187 | -1.6% |
Summary: The Michael Way real estate market had 187 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 60 | 60 | 0.0% |
| 3 Bedrooms | 75 | 76 | +1.3% |
| 4 Bedrooms | 38 | 33 | -13.2% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Michael Way housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 31 | -26.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Michael Way, expect to pay close to the asking price. 38.7% of homes here sold near the asking price last month.
Summary: A total of 31 homes were sold or pending in Michael Way in November 2024, down by 26.2% month-over-month. Of the 31 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 36 Days | +59.9% |
Summary: Homes in Michael Way had an average of 36 days on market in Nov 2024, up by 59.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 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 November 2024, 31 homes were sold in Michael Way; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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.