Is Mission Hills, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission Hills is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mission Hills has remained a Seller's Market.

Key Takeaway

Mission Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mission Hills, NV

How much do homes in Mission Hills, NV cost?

Median Sold Price

$350,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+2.9%)

Key Takeaway

Homes in Mission Hills have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Mission Hills was $350,000 in November 2024, up 2.9% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $319K$298.5K
-6.4%
3 $340K$350K
+2.9%
4 $567.5K$647.5K
+14.1%
5+ $862.5K$580K
-32.8%

Summary: Mission Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 32.8%.

Housing Supply in Mission Hills, NV

How many homes are available in Mission Hills, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
31310.0%

Summary: The Mission Hills real estate market had 31 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 1818
0.0%
4 34
+33.3%
5+ 22
0.0%

Summary: The Mission Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mission Hills, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mission Hills in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Mission Hills, NV

How long does it take to sell a home in Mission Hills, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days15 Days-42.5%

Summary: Homes in Mission Hills had an average of 15 days on market in Nov 2024, down by 42.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mission Hills are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Mission Hills; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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