Is Pahrump, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pahrump has remained a Seller's Market.
Housing Prices in Pahrump, NV
How much do homes in Pahrump, NV cost?
Median Sold Price
$357,375
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pahrump was $357,375 in April 2024, down 3.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279.9K | $150K | -46.4% |
2 Bedrooms | $309.9K | $312.5K | +0.8% |
3 Bedrooms | $365K | $354.7K | -2.8% |
4 Bedrooms | $413K | $407K | -1.5% |
5+ Bedrooms | $470K | $449.9K | -4.3% |
Summary: Pahrump housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Clark | $521.2K | $533.2K | +2.3% |
Pahrump | $369.9K | $357.3K | -3.4% |
Housing Supply in Pahrump, NV
How many homes are available in Pahrump, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
337 | 352 | +4.5% |
Summary: The Pahrump real estate market had 352 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 42 | 38 | -9.5% |
3 Bedrooms | 218 | 232 | +6.4% |
4 Bedrooms | 53 | 52 | -1.9% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Pahrump housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 75 | +33.9% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Pahrump in April 2024, up by 33.9% month-over-month. Of the 75 sold homes, 43% were sold under asking, 44% were sold at asking, and 13% were sold over asking.
Days on Market for Pahrump, NV
How long does it take to sell a home in Pahrump, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 59 Days | +2.1% |
Summary: Homes in Pahrump had an average of 59 days on market in Apr 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in Pahrump; 40% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.