Summerlin Real Estate Market Report

Summerlin Real Estate Market Report - Summerlin Housing Market

Welcome to the Summerlin real estate and housing market report! On this page, you will find data and insight on real estate in Las Vegas’ Summerlin master-planned community. Home to more than 100,000 residents, Summerlin is a sprawling community on the west side of Las Vegas. While not its own city, Summerlin’s real estate market is sought-after by many home buyers and sellers. Let’s take a look at the housing market in Summerlin, Las Vegas, NV!

Thinking about buying or selling Summerlin real estate? Browse Summerlin homes for sale or call/text (702) 718-3878 to connect with a local real estate agent.

Summerlin Real Estate Market: Prices, Trends and Forecasts

The information on this page for the Summerlin real estate market will cover the greater Summerlin area, including Zip Codes 89128, 89134, 89135, 89138, 89144 and 89148. This takes into account the four main associations of Summerlin: Summerlin NorthSummerlin SouthSummerlin West and Summerlin Centre.

To begin, we’ll start by reviewing home prices in Summerlin. Following that will be Summerlin housing market trends. To end this article, we’ll preview the 2022 real estate market forecast for Summerlin.

Home Prices in Summerlin, Las Vegas, NV 

2021 Summerlin Home Prices Chart

Month Median Home Price
Jan 2021 $450,000
Feb 2021 $460,000
Mar 2021 $481,104
April 2021 $480,500
May 2021 $490,000
June 2021 $510,000
July 2021 $528,000
Aug 2021 $530,500
Sept 2021 $530,450
Oct 2021 $526,500
Nov 2021 $531,750

Median Housing Prices in Summerlin, NV - November 2021 Update - Source: Redfin

Summerlin Housing Market Trends

The Summerlin housing market has been on a hot streak since the Pandemic started in March 2020. Home prices have consistently risen from a median home sale price of $450,000 in January 2021 to $531,750 in November 2021. Approximately 900 and 1100+ homes sell each month in Summerlin. Below, we examine Summerlin’s single family housetownhouse and condo data.

When it comes to being a buyer’s or seller’s market, as of November 2021 Summerlin is considered a seller’s market, because there is less than 6 months of available inventory. Here’s a month-by-month breakdown of the housing market trends in Summerlin. 

November 2021

During November 2021, the median sale price of homes in Summerlin was $531,750. This represents a 19.8% increase compared to November 2020. There were 918 homes sold – 724 single family homes, 123 townhouses and 71 condos – down 7.7% from the November 2020 total. The median days on market for homes in Summerlin was 31 days in November. 

October 2021

In October 2021, the median sale price of homes in Summerlin was $526,500. This represents a 19.7% increase compared to October 2020. There were 915 homes sold – 717 single family homes, 106 townhouses and 92 condos – down 4.4% from the October 2020 total. The median days on market for homes in Summerlin was 27 days in October.

September 2021

During September 2021, the median sale price of homes in Summerlin was $530,450. This represents a 21.9% increase compared to September 2020. There were 966 homes sold – 759 single family homes, 114 townhouses and 93 condos – up 2.0% from the September 2020 total. The median days on market for homes in Summerlin was 25 days in September.

August 2021

In August 2021, the median sale price of homes in Summerlin was $530,500. This represents a 22% increase compared to August 2020. There were 1,067 homes sold – 821 single family homes, 121 townhouses and 125 condos – up 29.2% from the August 2020 total. The median days on market for homes in Summerlin was 21 days in August. 

July 2021

During July 2021, the median sale price of homes in Summerlin was $528,000. This represents a 23.7% increase compared to July 2020. There were 1,105 homes sold – 844 single family homes, 137 townhouses and 124 condos – up 63.2% from the July 2020 total. The median days on market for homes in Summerlin was 19 days in July.

June 2021

In June 2021, the median sale price of homes in Summerlin was $510,000. This represents a 24.4% increase compared to June 2020. There were 1,148 homes sold – 870 single family homes, 151 townhouses and 127 condos – up 127.3% from the June 2020 total. The median days on market for homes in Summerlin was 18 days in June. 

May 2021

During May 2021, the median sale price of homes in Summerlin was $490,000. This represents a 23.4% increase compared to May 2020. There were 1,170 homes sold – 895 single family homes, 152 townhouses and 123 condos – up 109.3% from the May 2020 total. The median days on market for homes in Summerlin was 21 days in May. 

April 2021

In April 2021, the median sale price of homes in Summerlin was $480,500. This represents a 20.9% increase compared to April 2020. There were 1,158 homes sold – 901 single family homes, 138 townhouses and 119 condos – up 70.3% from the April 2020 total. The median days on market for homes in Summerlin was 28 days in April.

March 2021

During March 2021, the median sale price of homes in Summerlin was $481,104. This represents a 21.5% increase compared to March 2020. There were 979 homes sold – 778 single family homes, 102 townhouses and 99 condos – up 35.2% from the March 2020 total. The median days on market for homes in Summerlin was 36 days in March. 

February 2021

During February 2021, the median sale price of homes in Summerlin was $460,000. This represents a 15% increase compared to February 2020. There were 908 homes sold – 747 single family homes, 84 townhouses and 77 condos – up 28.2% from the February 2020 total. The median days on market for homes in Summerlin was 44 days in February. 

January 2021

During January 2021, the median sale price of homes in Summerlin was $450,000. This represents a 15.4% increase compared to January 2020. There were 897 homes sold – 740 single family homes, 95 townhouses and 62 condos – up 31.1% from the January 2020 total. The median days on market for homes in Summerlin was 47 days in January. 

2022 Summerlin Real Estate Market Forecast

Looking for Summerlin real estate market predictions? No one can guarantee what will happen in the Summerlin real estate market in 2022. Summerlin home prices rose significantly in 2021. Will this continue? Or will rising interest rates cause the market to cool down? It’s really anyone’s best guess and making predictions can be foolhardy. It’s best to consult with a local Summerlin real estate agent to get a better idea of where the market is headed at that time.

Want Help Buying or Selling a Home in Summerlin? Contact a Local Summerlin Real Estate Agent


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