A Look At Pahrump, NV Real Estate Growth: A Rare Buyer’s Market Holds Strong

Could 2025 Be The Time To Buy A Home In Nevada?

In recent years, Nevada’s housing market has defied the odds somewhat, remaining buyer-friendly even as national trends have lagged behind, Realtor.com explains. The significance of this is worth highlighting; SFGate suggests that the last time the nation experienced a buyer’s market was in 2014, more than a decade ago at the time of writing.

The fact that many areas of Nevada have been and continue to be buyer-friendly is, naturally, of interest to analysts, industry professionals, and consumers alike. Nowhere is this more true in the state than in Pahrump, where the median sale price for homes sits just above $375k, which, according to the Federal Reserve Bank of St. Louis, is nearly $50,000 below the national average.

Local realtors Ken Haring & Jeannette Draper attribute this to a variety of factors. They have been selling homes in the Pahrump area for a number of years, which they say has offered them a unique perspective on the recent market movements—and the possibility of future volatility.

What Sets Pahrump Apart?

Haring and Draper explain that the city of Pahrump is well-positioned for growth, a fact supported by the myriad projects recently launched there. Subdivisions such as Desert Trails and Pleasant Valley are set to add dozens of new homes in 2025, while new-construction projects Artesia and Ovation at Mountain Falls are in the late stages of development.

Pahrump’s time-on-market, a valuable indicator of demand, should also be highlighted here; homes typically remain listed for under 30 days in many areas of the city.

Deciding Whether To Buy

Hearing this, you may be convinced that 2025 is your time to buy, so let’s go over a few more key factors to consider. If you meet several of these criteria, it is probably time to start reviewing your options and looking for your dream property.

1. You have room in the budget for a mortgage payment, regardless of rates
2. Your rent is exceeding what you would pay for a mortgage
3. Your family is ready to expand, but you don’t have the room
4. You have steady employment and a reliable income
5. Your credit score is holding steady

So, did you pass the test? If so, you can’t do much better in terms of market stability right now than Pahrump. However, nothing lasts forever; take advantage of these stellar market conditions and browse the most comprehensive inventory that the city has to offer today!

The Dream Team at Access Realty, LLC

2301 Winery Rd Ste 101
Pahrump
NV
89048
United States