$2,969 Closing Credit*
$249,987
1,192 SqFt
2 Beds
•2 Full Baths
Drew M. Schatzman, Listing Office: RE/MAX Advantage
Is Summerlin, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Summerlin has remained a Seller's Market.
Key Takeaway
Summerlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerlin, NV
How much do homes in Summerlin, NV cost?
Median Sold Price
$458,461
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,837(+9.3%)
Key Takeaway
Homes in Summerlin have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Summerlin was $458,461 in October 2024, up 9.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | $195K | +7.1% |
| 2 Bedrooms | $350K | $395.3K | +13.0% |
| 3 Bedrooms | $443.3K | $476K | +7.4% |
| 4 Bedrooms | $580K | $600K | +3.4% |
| 5+ Bedrooms | $750K | $975K | +30.0% |
Summary: Summerlin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 30%.
Housing Supply in Summerlin, NV
How many homes are available in Summerlin, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 564 | 641 | +13.7% |
Summary: The Summerlin real estate market had 641 homes for sale in October 2024, a 13.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 252 | 291 | +15.5% |
| 3 Bedrooms | 179 | 195 | +8.9% |
| 4 Bedrooms | 84 | 103 | +22.6% |
| 5+ Bedrooms | 44 | 45 | +2.3% |
Summary: The Summerlin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 124 | -10.1% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerlin, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Summerlin in October 2024, down by 10.1% month-over-month. Of the 124 sold homes, 63% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Summerlin, NV
How long does it take to sell a home in Summerlin, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 31 Days | +24.5% |
Summary: Homes in Summerlin had an average of 31 days on market in Oct 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerlin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 124 homes were sold in Summerlin; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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.