Is Zephyr Cove, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Zephyr Cove was a Seller's Market.
Key Takeaway
Zephyr Cove 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 Zephyr Cove, NV
How much do homes in Zephyr Cove, NV cost?
Median Sold Price
$1,100,000
$571/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Zephyr Cove has remained the same since last year.
Summary: The median home sold price in Zephyr Cove was $1,100,000 in April 2024, the same as last year, and the median price per square foot was $571.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $403.5K | +4.8% |
| 2 Bedrooms | $610K | $602.5K | -1.2% |
| 3 Bedrooms | $1.1M | $1.1M | -4.3% |
| 4 Bedrooms | $1.5M | $1.5M | +2.3% |
| 5+ Bedrooms | $2.1M | $2.1M | -1.2% |
Summary: Zephyr Cove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Genoa-Jacks Valley | $539.4K | $720K | +33.5% |
| Stateline | $790K | $955K | +20.9% |
| Zephyr Cove | $1.1M | $1.1M | 0.0% |
Housing Supply in Zephyr Cove, NV
How many homes are available in Zephyr Cove, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 73 | +2.8% |
Summary: The Zephyr Cove real estate market had 73 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Zephyr Cove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zephyr Cove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Zephyr Cove in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Zephyr Cove, NV
How long does it take to sell a home in Zephyr Cove, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 207 Days | 127 Days | -38.4% |
Summary: Homes in Zephyr Cove had an average of 127 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Zephyr Cove are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 12 homes were sold in Zephyr Cove; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.