Is West Las Vegas, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Las Vegas is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Las Vegas has remained a Seller's Market.

Key Takeaway

West Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Las Vegas, NV

How much do homes in West Las Vegas, NV cost?

Median Sold Price

$350,000

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+7.7%)

Key Takeaway

Homes in West Las Vegas have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in West Las Vegas was $350,000 in October 2024, up 7.7% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$125K
-26.5%
2 $282.5K$286K
+1.2%
3 $320K$340K
+6.3%
4 $355.5K$390.7K
+9.9%
5+ $417.5K$641.5K
+53.7%

Summary: West Las Vegas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 53.7%.

Housing Supply in West Las Vegas, NV

How many homes are available in West Las Vegas, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
145147+1.4%

Summary: The West Las Vegas real estate market had 147 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 2626
0.0%
3 7171
0.0%
4 2933
+13.8%
5+ 1615
-6.3%

Summary: The West Las Vegas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2351+121.7%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Las Vegas, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in West Las Vegas in October 2024, up by 121.7% month-over-month. Of the 50 sold homes, 50% were sold under asking, 38% were sold at asking, and 12% were sold over asking.

Days on Market for West Las Vegas, NV

How long does it take to sell a home in West Las Vegas, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days37 Days+12.5%

Summary: Homes in West Las Vegas had an average of 37 days on market in Oct 2024, up by 12.5% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Las Vegas are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 51 homes were sold in West Las Vegas; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% 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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