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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nevada is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Nevada was a Seller's Market.

Key Takeaway

Nevada is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Nevada, MO

How much do homes in Nevada, MO cost?

Median Sold Price

$170,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,250(+31.0%)

Key Takeaway

Homes in Nevada have sold for 31% more than they did a year ago.

Summary: The median home sold price in Nevada was $170,000 in March 2024, up 31% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $28.5K$200K
+601.8%
2 $63.7K$50K
-21.6%
3 $120K$174.5K
+45.4%
4 $304.5K$204.7K
-32.8%
5+ $210K$76.2K
-63.7%

Summary: Nevada housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 601.8%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 45.4%, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes decreased by 63.7%.

Median Sold Price Compared To Nearby Cities

Center Township
+34.1%
Nevada
+31.0%

Housing Supply in Nevada, MO

How many homes are available in Nevada, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6574+13.8%

Summary: The Nevada real estate market had 74 homes for sale in March 2024, a 13.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 1721
+23.5%
3 2630
+15.4%
4 1820
+11.1%
5+ 23
+50.0%

Summary: The Nevada housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Nevada in March 2024, up by 20.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Mar 2023Mar 2024CHANGE
44 Days76 Days+74.1%

Summary: Homes in Nevada had an average of 76 days on market in Mar 2024, up by 74.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Nevada are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 12 homes were sold in Nevada; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 19 Days Ago

Newest Listings in Nevada, MO

Nearby Markets to Nevada, MO

What housing markets are near Nevada, MO?