$7,124 Closing Credit*
$599,900
1,773 SqFt
3 Beds
•2 Full Baths
Vincent Velasquez, Listing Office: Simply Vegas
Is Paradise Palms, 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 Palms was a Neutral Market.
Key Takeaway
Paradise Palms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paradise Palms, NV
How much do homes in Paradise Palms, NV cost?
Median Sold Price
$471,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,750(+7.2%)
Key Takeaway
Homes in Paradise Palms have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Paradise Palms was $471,750 in November 2024, up 7.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $419K | $455K | +8.6% |
| 4 Bedrooms | $462.5K | $525K | +13.5% |
| 5+ Bedrooms | $600K | $515K | -14.2% |
Summary: Paradise Palms 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 did not change, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Winchester | $344.1K | $380K | +10.4% |
| Paradise Palms | $440K | $471.7K | +7.2% |
Housing Supply in Paradise Palms, NV
How many homes are available in Paradise Palms, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Paradise Palms real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Paradise Palms 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise Palms, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Paradise Palms in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Paradise Palms, NV
How long does it take to sell a home in Paradise Palms, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 58 Days | +673.3% |
Summary: Homes in Paradise Palms had an average of 58 days on market in Nov 2024, up by 673.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paradise Palms are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Paradise Palms; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.