$6,650 Closing Credit*
$559,990
1,999 SqFt
3 Beds
•2 Full Baths, 1 Partial
Valeria G. Mariscal-Marquez, Listing Office: Galindo Group Real Estate
Is Paradise, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Paradise was a Seller's Market.
Key Takeaway
Paradise 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 Paradise, NV
How much do homes in Paradise, NV cost?
Median Sold Price
$369,852
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,863(+8.8%)
Key Takeaway
Homes in Paradise have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Paradise was $369,852 in October 2024, up 8.8% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223K | $260K | +16.5% |
| 2 Bedrooms | $240K | $245K | +2.1% |
| 3 Bedrooms | $354.4K | $381K | +7.5% |
| 4 Bedrooms | $435K | $465K | +6.9% |
| 5+ Bedrooms | $515K | $562.5K | +9.2% |
Summary: Paradise housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Paradise | $339.9K | $369.8K | +8.8% |
| Paradise Vista II | $365K | $390K | +6.8% |
Housing Supply in Paradise, NV
How many homes are available in Paradise, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 814 | 893 | +9.7% |
Summary: The Paradise real estate market had 893 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 132 | 147 | +11.4% |
| 2 Bedrooms | 254 | 284 | +11.8% |
| 3 Bedrooms | 231 | 253 | +9.5% |
| 4 Bedrooms | 136 | 153 | +12.5% |
| 5+ Bedrooms | 61 | 56 | -8.2% |
Summary: The Paradise housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 8.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 132 | -1.5% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
41 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. 51.5% of homes here sold below asking price last month.
Summary: A total of 132 homes were sold or pending in Paradise in October 2024, down by 1.5% month-over-month. Of the 132 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 39 Days | +9.7% |
Summary: Homes in Paradise had an average of 39 days on market in Oct 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
15 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 October 2024, 132 homes were sold in Paradise; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.