Is Downtown, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown was a Seller's Market.
Housing Prices in Downtown, NV
How much do homes in Downtown, NV cost?
Median Sold Price
$350,000
$265/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Downtown was $350,000 in April 2024, the same as last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335.9K | $315K | -6.2% |
2 Bedrooms | $404.9K | $332.5K | -17.9% |
3 Bedrooms | $339K | $350K | +3.2% |
4 Bedrooms | $365K | $365K | 0.0% |
5+ Bedrooms | $398K | $418K | +5.0% |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5%.
Housing Supply in Downtown, NV
How many homes are available in Downtown, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 140 | +9.4% |
Summary: The Downtown real estate market had 140 homes for sale in April 2024, a 9.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 22 | 0.0% |
2 Bedrooms | 35 | 36 | +2.9% |
3 Bedrooms | 46 | 51 | +10.9% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 19 | -38.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Downtown in April 2024, down by 38.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for Downtown, NV
How long does it take to sell a home in Downtown, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 35 Days | -45.2% |
Summary: Homes in Downtown had an average of 35 days on market in Apr 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Downtown; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.