Is Spring Valley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Spring Valley has remained a Seller's Market.
Housing Prices in Spring Valley, NV
How much do homes in Spring Valley, NV cost?
Median Sold Price
$400,045
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spring Valley was $400,045 in March 2024, down 3.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $195K | 0.0% |
2 Bedrooms | $268.4K | $260K | -3.1% |
3 Bedrooms | $429K | $409.9K | -4.4% |
4 Bedrooms | $517.5K | $508.5K | -1.7% |
5+ Bedrooms | $619K | $660K | +6.6% |
Summary: Spring Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Spring Valley, NV
How many homes are available in Spring Valley, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
763 | 809 | +6.0% |
Summary: The Spring Valley real estate market had 809 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 50 | 65 | +30.0% |
2 Bedrooms | 229 | 247 | +7.9% |
3 Bedrooms | 243 | 255 | +4.9% |
4 Bedrooms | 157 | 167 | +6.4% |
5+ Bedrooms | 84 | 75 | -10.7% |
Summary: The Spring Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
202 | 217 | +7.4% |
Asking Price vs. Sold Price
134 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 217 homes were sold or pending in Spring Valley in March 2024, up by 7.4% month-over-month. Of the 217 sold homes, 62% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for Spring Valley, NV
How long does it take to sell a home in Spring Valley, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 33 Days | -44.5% |
Summary: Homes in Spring Valley had an average of 33 days on market in Mar 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 217 homes were sold in Spring Valley; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.