Summerlin South, NV Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Summerlin South, NV is $880,000, down 11.1% year-over-year. Homes sell in an average of 90 days with 230 active listings. The market is currently a buyer's market.
$880,000median sale price
Is Summerlin South a buyer's or seller's market?
Summerlin South, NV is currently a buyer's market, based on 4.1 months of supply and homes selling in about 90 days. How we determine this →
Homes sold
56
Last 12 weeks
Days on market
90
Average pace
Active listings
230
4.1 months supply
Sale-to-list
95.7%
Below asking
Summerlin South, NV market data
| Metric | Value |
|---|---|
| Median sale price | $880,000 |
| Median list price | $863,000 |
| Year-over-year price change | -11.1% |
| Average days on market | 90 days |
| Active inventory | 230 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 95.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Summerlin South housing market is currently classified as a buyer's market with a median sale price of $880,000. Prices have fallen 11.1% compared to last year, with homes spending an average of 90 days on market, indicating 4.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Summerlin South
There are currently 230 homes listed for sale in Summerlin South, Nevada. The median listing price is $863K.
Active listings
230
Homes on market
Median list price
$863K
Avg. days on market
90
Days until sale
New this week
73
Newly listed
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Frequently asked questions
What is the average home price in Summerlin South?
The median home sale price in Summerlin South is $880,000, down 11.1% from last year.
How long do homes stay on market in Summerlin South?
Homes typically spend 90 days on market before going under contract.
Is Summerlin South a buyer's or seller's market?
With 4.1 months of supply, Summerlin South is currently a buyer's market.
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