Is The Hills South, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing The Hills South is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, The Hills South was a Neutral Market.

Key Takeaway

The Hills South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in The Hills South, NV

How much do homes in The Hills South, NV cost?

Median Sold Price

$790,000

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$191,000(+31.9%)

Key Takeaway

Homes in The Hills South have sold for 31.9% more than they did a year ago.

Summary: The median home sold price in The Hills South was $790,000 in September 2024, up 31.9% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $365K-
N/A
2 $435K$495K
+13.8%
3 $457.5K$618.2K
+35.1%
4 $1.7M$1.4M
-14.7%
5+ $2.7M$1.3M
-51.1%

Summary: The Hills South housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 35.1%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 51.1%.

Housing Supply in The Hills South, NV

How many homes are available in The Hills South, NV?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1719+11.8%

Summary: The The Hills South real estate market had 19 homes for sale in September 2024, a 11.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 56
+20.0%
5+ 77
0.0%

Summary: The The Hills South housing inventory by bedroom type for September 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 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in The Hills South, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in The Hills South in September 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for The Hills South, NV

How long does it take to sell a home in The Hills South, NV?

Average Sale Time

Sep 2023Sep 2024CHANGE
149 Days19 Days-87.2%

Summary: Homes in The Hills South had an average of 19 days on market in Sep 2024, down by 87.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in The Hills South are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 6 homes were sold in The Hills South; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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