$6,472 Closing Credit*
$545,000
2,033 SqFt
4 Beds
•2 Full Baths
Jordan Dove, Listing Office: Nationwide Realty LLC
Is Paradise, 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, Paradise was a Seller's Market.
Key Takeaway
Paradise is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paradise, NV
How much do homes in Paradise, NV cost?
Median Sold Price
$375,851
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,749(+10.2%)
Key Takeaway
Homes in Paradise have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Paradise was $375,851 in November 2024, up 10.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.4K | $266K | +14.9% |
| 2 Bedrooms | $239.9K | $245.4K | +2.3% |
| 3 Bedrooms | $355.8K | $385K | +8.2% |
| 4 Bedrooms | $439.9K | $470K | +6.8% |
| 5+ Bedrooms | $520K | $560K | +7.7% |
Summary: Paradise housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in Paradise, NV
How many homes are available in Paradise, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 833 | 886 | +6.4% |
Summary: The Paradise real estate market had 886 homes for sale in November 2024, a 6.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 137 | 139 | +1.5% |
| 2 Bedrooms | 255 | 287 | +12.5% |
| 3 Bedrooms | 244 | 257 | +5.3% |
| 4 Bedrooms | 149 | 154 | +3.4% |
| 5+ Bedrooms | 48 | 49 | +2.1% |
Summary: The Paradise housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 124 | -8.8% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Paradise in November 2024, down by 8.8% month-over-month. Of the 124 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Paradise, NV
How long does it take to sell a home in Paradise, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 50 Days | +74.0% |
Summary: Homes in Paradise had an average of 50 days on market in Nov 2024, up by 74% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paradise are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 124 homes were sold in Paradise; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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.