Is Silver Springs, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Springs is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Silver Springs has remained a Seller's Market.

Key Takeaway

Silver Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Silver Springs, NV

How much do homes in Silver Springs, NV cost?

Median Sold Price

$374,900

$214/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$5,100(-1.3%)

Key Takeaway

Homes in Silver Springs have sold for 1.3% less than they did a month ago.

Summary: The median home sold price in Silver Springs was $374,900 in June 2024, down 1.3% from last month, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 -$266.1K
N/A
3 $325K$524.9K
+61.5%
4 $445K$414.9K
-6.8%
5+ --
N/A

Summary: Silver Springs housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 61.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes did not change.

Housing Supply in Silver Springs, NV

How many homes are available in Silver Springs, NV?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1815-16.7%

Summary: The Silver Springs real estate market had 15 homes for sale in June 2024, a 16.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1010
0.0%
4 41
-75.0%
5+ 11
0.0%

Summary: The Silver Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Springs, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Silver Springs in June 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Silver Springs, NV

How long does it take to sell a home in Silver Springs, NV?

Average Sale Time

May 2024Jun 2024CHANGE
99 Days136 Days+36.8%

Summary: Homes in Silver Springs had an average of 136 days on market in Jun 2024, up by 36.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Silver Springs has remained consistent over time.

Summary: During June 2024, 4 homes were sold in Silver Springs; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

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