Is West Anderson, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Anderson has remained a Seller's Market.
Key Takeaway
West Anderson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Anderson, NV
How much do homes in West Anderson, NV cost?
Median Sold Price
$520,166
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Anderson have sold for 3% more than they did a year ago.
Summary: The median home sold price in West Anderson was $520,166 in May 2024, up 3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $300K | -5.5% |
| 2 Bedrooms | $420K | $385K | -8.3% |
| 3 Bedrooms | $451.3K | $490K | +8.6% |
| 4 Bedrooms | $599.4K | $612.5K | +2.2% |
| 5+ Bedrooms | $710K | $630K | -11.3% |
Summary: West Anderson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Westridge Village | $495K | $595K | +20.2% |
| West Anderson | $505K | $520.1K | +3.0% |
| Tall Mesa Village | $493.4K | $470K | -4.8% |
Housing Supply in West Anderson, NV
How many homes are available in West Anderson, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 121 | +8.0% |
Summary: The West Anderson real estate market had 121 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 67 | 70 | +4.5% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The West Anderson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Anderson, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in West Anderson in May 2024, down by 13.5% month-over-month. Of the 32 sold homes, 63% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for West Anderson, NV
How long does it take to sell a home in West Anderson, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 36 Days | +1.3% |
Summary: Homes in West Anderson had an average of 36 days on market in May 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Anderson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in West Anderson; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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.