Is Lake Las Vegas, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Las Vegas was a Seller's Market.
Housing Prices in Lake Las Vegas, NV
How much do homes in Lake Las Vegas, NV cost?
Median Sold Price
$647,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Las Vegas was $647,000 in May 2024, down 2.7% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266.7K | $237.2K | -11.1% |
2 Bedrooms | $455K | $445K | -2.2% |
3 Bedrooms | $644.9K | $626.9K | -2.8% |
4 Bedrooms | $1.1M | $1.1M | -0.4% |
5+ Bedrooms | $1.9M | $1.4M | -25.6% |
Summary: Lake Las Vegas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in Lake Las Vegas, NV
How many homes are available in Lake Las Vegas, NV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
169 | 189 | +11.8% |
Summary: The Lake Las Vegas real estate market had 189 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 27 | 34 | +25.9% |
3 Bedrooms | 84 | 90 | +7.1% |
4 Bedrooms | 42 | 49 | +16.7% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lake Las Vegas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 18 | -28.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Lake Las Vegas in May 2024, down by 28.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Lake Las Vegas, NV
How long does it take to sell a home in Lake Las Vegas, NV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 119 Days | +54.8% |
Summary: Homes in Lake Las Vegas had an average of 119 days on market in May 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Lake Las Vegas; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.