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 December 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

$349,999

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,329(+6.8%)

Key Takeaway

Homes in West Las Vegas have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in West Las Vegas was $349,999 in December 2024, up 6.8% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $180K$140.9K
-21.7%
2 $280K$317.5K
+13.4%
3 $320K$340K
+6.3%
4 $361K$380K
+5.3%
5+ $495K$630K
+27.3%

Summary: West Las Vegas housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 27.3%.

Housing Supply in West Las Vegas, NV

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
106113+6.6%

Summary: The West Las Vegas real estate market had 113 homes for sale in December 2024, a 6.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 1613
-18.8%
3 5563
+14.5%
4 2525
0.0%
5+ 910
+11.1%

Summary: The West Las Vegas housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2131+47.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 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. 44.8% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in West Las Vegas in December 2024, up by 47.6% month-over-month. Of the 29 sold homes, 45% were sold under asking, 41% were sold at asking, and 14% 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

Dec 2023Dec 2024CHANGE
20 Days53 Days+155.8%

Summary: Homes in West Las Vegas had an average of 53 days on market in Dec 2024, up by 155.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 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 December 2024, 31 homes were sold in West Las Vegas; 35% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% 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 6 Days Ago

Newest Listings in West Las Vegas, NV

Nearby Markets to West Las Vegas, NV