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 buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Nye County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Nye County, NV

How much do homes in Nye County, NV cost?

Median Sold Price

$353,007

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$21,992(-5.9%)

Key Takeaway

Homes in Nye County have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in Nye County was $353,007 in February 2024, down 5.9% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $252.4K$195K
-22.8%
2 $315K$304.9K
-3.2%
3 $370K$350K
-5.4%
4 $440K$394.9K
-10.2%
5+ $450K$455.7K
+1.3%

Summary: Nye County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 1.3%.

Housing Supply in Nye County, NV

How many homes are available in Nye County, NV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
310330+6.5%

Summary: The Nye County real estate market had 330 homes for sale in February 2024, a 6.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 2938
+31.0%
3 197199
+1.0%
4 6569
+6.2%
5+ 1619
+18.8%

Summary: The Nye County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3947+20.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

6 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. 46.8% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Nye County in February 2024, up by 20.5% month-over-month. Of the 47 sold homes, 47% were sold under asking, 40% were sold at asking, and 13% 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

Feb 2023Feb 2024CHANGE
70 Days76 Days+9.6%

Summary: Homes in Nye County had an average of 76 days on market in Feb 2024, up by 9.6% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 47 homes were sold in Nye County; 38% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 40% 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 28 Days Ago

Newest Listings in Nye County, NV

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