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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing The Paseos is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, The Paseos was a Seller's Market.

Key Takeaway

The Paseos 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 The Paseos, NV

How much do homes in The Paseos, NV cost?

Median Sold Price

$645,000

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$55,000(-7.9%)

Key Takeaway

Homes in The Paseos have sold for 7.9% less than they did a year ago.

Summary: The median home sold price in The Paseos was $645,000 in November 2024, down 7.9% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $387.5K$415K
+7.1%
3 $517.7K$515K
-0.5%
4 $914.9K$753.5K
-17.6%
5+ $955K$1.3M
+40.6%

Summary: The Paseos 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 increased by 7.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 40.6%.

Housing Supply in The Paseos, NV

How many homes are available in The Paseos, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2420-16.7%

Summary: The The Paseos real estate market had 20 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 97
-22.2%
4 97
-22.2%
5+ 33
0.0%

Summary: The The Paseos 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 decreased by 22.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 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 Paseos, 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 The Paseos in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for The Paseos, NV

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days18 Days-32.8%

Summary: Homes in The Paseos had an average of 18 days on market in Nov 2024, down by 32.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in The Paseos; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

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