Is Nye County, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nye County is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Nye County 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 Nye County, NV

How much do homes in Nye County, NV cost?

Median Sold Price

$354,073

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$19,891(-5.3%)

Key Takeaway

Homes in Nye County have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Nye County was $354,073 in March 2024, down 5.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $279.9K$160K
-42.9%
2 $310K$304.9K
-1.6%
3 $370K$350K
-5.4%
4 $425K$399.9K
-5.9%
5+ $490K$455.7K
-7.0%

Summary: Nye County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Counties

Mineral County
+5.4%
Lincoln County
+5.4%
Churchill County
+2.9%
Nye County
-5.3%

Housing Supply in Nye County, NV

How many homes are available in Nye County, NV?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
336353+5.1%

Summary: The Nye County real estate market had 353 homes for sale in March 2024, a 5.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 55
0.0%
2 4350
+16.3%
3 206215
+4.4%
4 6363
0.0%
5+ 1920
+5.3%

Summary: The Nye County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5455+1.9%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nye County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Nye County in March 2024, up by 1.9% month-over-month. Of the 55 sold homes, 60% were sold under asking, 22% were sold at asking, and 18% were sold over asking.

Days on Market for Nye County, NV

How long does it take to sell a home in Nye County, NV?

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days58 Days-10.9%

Summary: Homes in Nye County had an average of 58 days on market in Mar 2024, down by 10.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nye County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 55 homes were sold in Nye County; 40% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 27% 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 20 Days Ago

Newest Listings in Nye County, NV

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