Is Nevada, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nevada is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Nevada has remained a Seller's Market.

Key Takeaway

Nevada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Nevada, MO

How much do homes in Nevada, MO cost?

Median Sold Price

$150,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,595(-14.6%)

Key Takeaway

Homes in Nevada have sold for 14.6% less than they did a year ago.

Summary: The median home sold price in Nevada was $150,000 in November 2024, down 14.6% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K$80K
-60.0%
2 $40K$93K
+132.5%
3 $175.7K$149K
-15.2%
4 $189.5K$362K
+91.0%
5+ $162.5K$403.1K
+148.1%

Summary: Nevada housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 132.5%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 91%, and 5+ bedroom homes increased by 148.1%.

Median Sold Price Compared To Nearby Cities

Nevada
-14.6%
Center Township
-15.0%

Housing Supply in Nevada, MO

How many homes are available in Nevada, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9185-6.6%

Summary: The Nevada real estate market had 85 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 1514
-6.7%
3 5954
-8.5%
4 1312
-7.7%
5+ 11
0.0%

Summary: The Nevada housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2216-27.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nevada, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Nevada in November 2024, down by 27.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Nevada, MO

How long does it take to sell a home in Nevada, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days65 Days+41.3%

Summary: Homes in Nevada had an average of 65 days on market in Nov 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nevada has remained consistent over time.

Summary: During November 2024, 16 homes were sold in Nevada; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Nevada, MO

Nearby Markets to Nevada, MO

What housing markets are near Nevada, MO?