$6,472 Closing Credit*
$545,000
2,079 SqFt
4 Beds
•3 Full Baths
Nancy Li, Listing Office: Keller Williams MarketPlace
Is South Shores, 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, South Shores was a Seller's Market.
Key Takeaway
South Shores 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 South Shores, NV
How much do homes in South Shores, NV cost?
Median Sold Price
$440,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$55,000(-11.1%)
Key Takeaway
Homes in South Shores have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in South Shores was $440,000 in October 2024, down 11.1% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.4K | $185K | +1.4% |
| 2 Bedrooms | $215K | $229.5K | +6.7% |
| 3 Bedrooms | $462.4K | $445K | -3.8% |
| 4 Bedrooms | $515K | $546.5K | +6.1% |
| 5+ Bedrooms | $610K | $670K | +9.8% |
Summary: South Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in South Shores, NV
How many homes are available in South Shores, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The South Shores real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Shores housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Shores, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South Shores in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for South Shores, NV
How long does it take to sell a home in South Shores, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 107 Days | +1521.2% |
Summary: Homes in South Shores had an average of 107 days on market in Oct 2024, up by 1521.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Shores are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in South Shores; 33% of homes were sold within 30 days, 33% 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.