Home Buyers in Henderson: Market Trends and Predictions for 2024

• Market Overview:
  • In 2024, Las Vegas home prices continue to rise, with a median sale price of $460,000 as of August, reflecting steady growth.
  • Henderson homes average a selling price of $485,812, up 5.9% from the previous year.
• Inventory and Sales:
  • Inventory is low, with homes in Henderson selling within 15 days, indicating a highly competitive market.
  • Expect quick sales and potential bidding wars due to limited availability.
• Interest Rates:
  • Interest rates remain high but stable, presenting a potential buying opportunity before any further increases.

For more insights, check out Redfin and Zillow.

Henderson Real Estate Market: A Closer Look

• Current Trends:
  • Homes typically sell after about 38 days, with median prices around $476,000—up 2.4% year-over-year.
  • Popular neighborhoods like Green Valley North and Anthem continue to attract buyers due to their mix of affordability and luxury options.
• Economic Influences:
  • The influx of new residents, particularly from Los Angeles and San Francisco, is driving demand and keeping prices competitive.

For further details, explore resources like Redfin’s Henderson Market Page and RocketHomes.

Summerlin Real Estate Market Update

Key Points for Home Buyers:

Market Competitiveness:

Homes in Summerlin sell for 1-3% below list price. Typical time on the market: 30-50 days.

Sale Prices:

Median sale price: $610,000. Slight increase of 2.5% over the past year.

Inventory Trends:

Increased inventory offers more choices, but homes still sell quickly.

Environmental Risks:

Wildfire Risk: High over the next 30 years. Flooding Risk: Minor. Heat Effects: Notable due to rising temperatures.

Schools: Summerlin’s schools are highly rated, with top scores from GreatSchools.

Henderson Home Buyer Programs

• Home Is Possible Program:
  • Assistance: Up to $15,000 for down payment.
  • Eligibility: Minimum credit score of 640, homebuyer education course required.
  • Learn More
• Nevada Housing Division Programs:
  • Options: Down payment assistance with a 30-year fixed-rate mortgage.
  • Eligibility: Low- and middle-income buyers, including veterans.
  • Learn More
• First-Time Henderson Home Buyer Loans:
  • Offers: National programs, grants, and loans.
  • Learn More

For specific eligibility requirements, visit the respective program websites.