Is North Cheyenne, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Cheyenne has remained a Seller's Market.
Key Takeaway
North Cheyenne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Cheyenne, NV
How much do homes in North Cheyenne, NV cost?
Median Sold Price
$405,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Cheyenne have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in North Cheyenne was $405,000 in April 2024, down 2.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $275K | 0.0% |
| 3 Bedrooms | $405K | $400K | -1.2% |
| 4 Bedrooms | $495K | $480K | -3.0% |
| 5+ Bedrooms | $530.5K | $586K | +10.4% |
Summary: North Cheyenne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in North Cheyenne, NV
How many homes are available in North Cheyenne, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 199 | 215 | +8.0% |
Summary: The North Cheyenne real estate market had 215 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 106 | 113 | +6.6% |
| 4 Bedrooms | 46 | 50 | +8.7% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The North Cheyenne 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 8.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 57 | +18.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Cheyenne, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in North Cheyenne in April 2024, up by 18.8% month-over-month. Of the 57 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% were sold over asking.
Days on Market for North Cheyenne, NV
How long does it take to sell a home in North Cheyenne, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 28 Days | -37.6% |
Summary: Homes in North Cheyenne had an average of 28 days on market in Apr 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Cheyenne are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 57 homes were sold in North Cheyenne; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.