Is North Las Vegas, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Las Vegas is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, North Las Vegas has remained a Seller's Market.

Key Takeaway

North Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Las Vegas, NV

How much do homes in North Las Vegas, NV cost?

Median Sold Price

$411,585

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,585(+5.5%)

Key Takeaway

Homes in North Las Vegas have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in North Las Vegas was $411,585 in October 2024, up 5.5% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $212K$172.5K
-18.6%
2 $320K$330K
+3.1%
3 $371.1K$395K
+6.4%
4 $418.4K$440K
+5.2%
5+ $479.9K$510K
+6.3%

Summary: North Las Vegas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Cities

Las Vegas
+7.5%
Clark
+7.1%
North Las Vegas
+5.5%

Housing Supply in North Las Vegas, NV

How many homes are available in North Las Vegas, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,0951,216+11.1%

Summary: The North Las Vegas real estate market had 1,216 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 101119
+17.8%
3 541585
+8.1%
4 358397
+10.9%
5+ 95113
+18.9%

Summary: The North Las Vegas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 18.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
243247+1.6%

Asking Price vs. Sold Price

99 Homes Were Sold
Under Asking

96 Homes Were Sold
At Asking

52 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Las Vegas, you may be able to get a good deal. 40.1% of homes here sold below asking price last month.

Summary: A total of 247 homes were sold or pending in North Las Vegas in October 2024, up by 1.6% month-over-month. Of the 247 sold homes, 40% were sold under asking, 39% were sold at asking, and 21% were sold over asking.

Days on Market for North Las Vegas, NV

How long does it take to sell a home in North Las Vegas, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days32 Days+13.6%

Summary: Homes in North Las Vegas had an average of 32 days on market in Oct 2024, up by 13.6% compared to last year.

Breakdown of Home Sale Times

159 Homes Were Sold
Under 30 Days

64 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Las Vegas are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 247 homes were sold in North Las Vegas; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

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