$10,000 Closing Credit*
$1,449,000
2,414 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tyler Brady, Listing Office: Luxury Homes of Las Vegas
Is The Ridges, 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, The Ridges was a Neutral Market.
Key Takeaway
The Ridges is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Ridges, NV
How much do homes in The Ridges, NV cost?
Median Sold Price
$2,475,000
$622/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+3.1%)
Key Takeaway
Homes in The Ridges have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in The Ridges was $2,475,000 in November 2024, up 3.1% from last year, and the median price per square foot was $622.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $815K | $801.9K | -1.6% |
| 3 Bedrooms | $1.2M | $1.0M | -15.0% |
| 4 Bedrooms | $2.7M | $3.5M | +31.2% |
| 5+ Bedrooms | $5.2M | $6.1M | +17.6% |
Summary: The Ridges 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 decreased by 1.6%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Red Rock Country Club | $1.6M | $1.8M | +12.1% |
| The Ridges | $2.4M | $2.4M | +3.1% |
Housing Supply in The Ridges, NV
How many homes are available in The Ridges, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The The Ridges real estate market had 49 homes for sale in November 2024, a 11.4% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The The Ridges 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 increased by 20%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Ridges, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in The Ridges in November 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Ridges, NV
How long does it take to sell a home in The Ridges, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 105 Days | 142 Days | +35.2% |
Summary: Homes in The Ridges had an average of 142 days on market in Nov 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in The Ridges are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in The Ridges; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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.