Is Smith Valley, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smith Valley is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Smith Valley was a Neutral Market.

Key Takeaway

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

Housing Prices in Smith Valley, NV

How much do homes in Smith Valley, NV cost?

Median Sold Price

$815,000

$383/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$10,000(-1.2%)

Key Takeaway

Homes in Smith Valley have sold for 1.2% less than they did a month ago.

Summary: The median home sold price in Smith Valley was $815,000 in August 2024, down 1.2% from last month, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $693K$815K
+17.6%
4 --
N/A
5+ $950K-
N/A

Summary: Smith Valley housing prices by bedroom type for August 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 17.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Smith Valley, NV

How many homes are available in Smith Valley, NV?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1921+10.5%

Summary: The Smith Valley real estate market had 21 homes for sale in August 2024, a 10.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1212
0.0%
4 46
+50.0%
5+ 32
-33.3%

Summary: The Smith Valley housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smith Valley, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Smith Valley in August 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Smith Valley, NV

How long does it take to sell a home in Smith Valley, NV?

Average Sale Time

Jul 2024Aug 2024CHANGE
151 Days88 Days-41.9%

Summary: Homes in Smith Valley had an average of 88 days on market in Aug 2024, down by 41.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Smith Valley has remained consistent over time.

Summary: During August 2024, 1 homes were sold in Smith Valley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in Smith Valley, NV

Nearby Markets to Smith Valley, NV