December 2024 Vegas Valley Real Estate Market Update: Key Insights for Buyers & Sellers — The Schneider Group

Hey there, neighbors! The Vegas Valley housing market has been busy in 2024, and we’ve got all the juicy details. Whether you’re buying, selling, or just curious, let’s take a look at what the numbers are saying. Don’t worry—it’s all in simple terms, with a dash of humor to keep it fun. Ready? Let’s roll!

🏠 New Listings: More Homes for Everyone!

In 2024, there were 1,751 new listings in the Vegas Valley, up from 1,518 in 2023. That’s like adding more choices to the menu at your favorite buffet. Las Vegas brought the most new homes, followed by Henderson and North Las Vegas.

What this means:

  • For buyers: You’ve got more houses to pick from, so take your time finding the one that feels just right.

  • For sellers: With more homes for sale, you’ve got competition! Make your house look so good that buyers can’t resist it. A little fresh paint and a clean lawn can go a long way.

🔑 Pending Sales: People Are Ready to Buy

Across the Vegas Valley, 1,538 homes went under contract in 2024, up from 1,405 in 2023. That’s like more people saying, “Yes, I’ll take it!” Henderson and Las Vegas saw significant jumps, while North Las Vegas slowed down slightly.

What this means:

  • For buyers: If you love a house, don’t wait too long! Someone else might swoop in.

  • For sellers: Buyers are out there and ready to commit. Make sure your house is looking its best to grab their attention.

💰 Median Sales Price: Cha-Ching!

The median sales price in the Vegas Valley rose to $484,500 in 2024, up from $460,000 in 2023. Henderson led the charge with the priciest homes, while North Las Vegas stayed the most budget-friendly.

What this means:

  • For buyers: Home prices are slightly higher, so be prepared to spend more—or look for homes in more affordable areas.

  • For sellers: Your home is probably worth more now than last year. Imagine what you’ll do with that extra cash!

🛋️ More Homes for Sale: It’s a Full House

The Vegas Valley had 5,076 homes for sale in 2024, up from 4,629 in 2023.

  • Las Vegas: 3,380 homes on the market.

  • Henderson: 1,104 homes available.

  • North Las Vegas: 592 homes waiting for new owners.

What it means:
Buyers, there’s no shortage of options—take your time finding the perfect fit. Sellers, more homes mean more competition, so make sure yours stands out. Think clean kitchens, fresh flowers, and maybe even some staging magic!

Days on Market: Homes Are Lingering a Little Longer

In 2024, homes in the Vegas Valley spent an average of 29 days on the market, up from 21 days in 2023. That’s like taking extra time to pick your perfect Christmas tree.

What this means:

  • For buyers: You’ve got a bit more time to shop around before deciding. But don’t wait too long—good homes still get snapped up fast!

  • For sellers: Don’t panic if your house doesn’t sell in a week. It’s normal for things to take a little longer. Keep your home clean and inviting; the right buyer will come along.

🛋️ Homes for Sale: Lots of Options!

The Vegas Valley had 5,076 homes for sale in 2024, up from 4,629 in 2023. That’s like the candy aisle getting bigger at your favorite store—so many choices!

What this means:

  • For buyers: You have plenty of homes to choose from, so don’t settle for something you don’t love.

  • For sellers: With more homes on the market, it's important to make yours stand out. Think tidy yards, clean kitchens, and maybe even some cozy staging.

🎉 What’s the Big Picture?

Here’s what all this data tells us:

  • For buyers: You’ve got more homes to choose from and a little more time to decide. Prices are higher, though, so you’ll need to be ready to spend a bit more for your dream home.

  • For sellers: Your home is likely worth more now, and buyers are eager to make offers. Make yours look amazing to compete with other homes.

Final Thoughts

The Vegas Valley market in 2024 was like a roller coaster—lots of ups and downs, but in the end, it’s all part of the ride. Whether buying or selling, the key is to stay informed and make smart moves. And if you need help navigating the twists and turns, call us at #TheSchneiderGroup. We’ll make sure your real estate journey is smooth, fun, and maybe even memorable!

Here’s to finding your dream home or making your best sale in 2025. Let’s make it happen, Vegas Valley!

#TheSchneiderGroup—Your Vegas Valley Real Estate Team


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