According to statistics, the population in Summerlin South, NV amounts to 26,059, which shows growth 1% compared to the previous year. The median age of the city’s residents is 46. The average household income is $84,510, shifting decline -1% from the past year, and the average property value in Summerlin South, NV growth 5% to $373,600 throughout the year.
|Number Of Employees||11,947|
|Median Property Value||$373,600|
The average household income in Summerlin South, NV declined from $85,126 to $84,510 in the past year. This data is an estimate based upon 10,926 households in Summerlin South, NV . The chart below presents how household income is distributed in Summerlin South, NV in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Summerlin South, NV shifted from $355,100 to $373,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Summerlin South, NV in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Summerlin South, NV properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Summerlin South, NV compared to median property taxes around the country. The prevalent amount of property taxes in Summerlin South, NV equals $3000, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$1,894,623||+3.8%|
During February 2023, the average price for an apartment in/near Summerlin South, NV increased by 4.6% to $1,317,121.
Knowing the current property prices is key if you plan to buy a studio in Summerlin South, NV. The average price for a studio has increased since the last month, currently being $7,874,750. After collecting all data points, we now see that the average price for 1-bed apartment increased by 5.8% to $375,666. Asking price for 2-bed apartment also decreased by 2.4% and a place of this size will now cost you $611,996. A 3-bed apartment goes for $817,730, it increased by 0.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.8% and made it up to $1,894,623.
|Listing Type||Feb||vs Last Month|
|Townhouses for sale||$515,000||+0%|
|Houses for sale||$1,350,745||+3.8%|
|Lofts for sale||$1,006,138||+1.2%|
|Land for sale||$7,874,750||+5%|
|Condos for sale||$856,082||-4.8%|
Price reports demonstrate that house price increased by 3.8% this month making it up to $1,350,745. Condos faced an upward trend these days. The median price for a condo decreased by 4.8%, it’s now available for $856,082. The price dynamics of lofts changed, it increased by 1.2%, the price tag now starts at $1,006,138. Value of the townhouses didn’t change, the price still starts at $515,000. The average price of the land for sale in Summerlin South, NV has increased by 5%, and now equals $7,874,750.