Is Spring Valley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring Valley has remained a Seller's Market.
Key Takeaway
Spring Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Valley, NV
How much do homes in Spring Valley, NV cost?
Median Sold Price
$400,062
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Spring Valley have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Spring Valley was $400,062 in April 2024, down 2.4% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $195K | 0.0% |
| 2 Bedrooms | $265K | $260K | -1.9% |
| 3 Bedrooms | $425K | $410.2K | -3.5% |
| 4 Bedrooms | $506.9K | $515K | +1.6% |
| 5+ Bedrooms | $603.9K | $668K | +10.6% |
Summary: Spring Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in Spring Valley, NV
How many homes are available in Spring Valley, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 790 | 819 | +3.7% |
Summary: The Spring Valley real estate market had 819 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 59 | 67 | +13.6% |
| 2 Bedrooms | 246 | 245 | -0.4% |
| 3 Bedrooms | 253 | 264 | +4.3% |
| 4 Bedrooms | 157 | 164 | +4.5% |
| 5+ Bedrooms | 75 | 79 | +5.3% |
Summary: The Spring Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 221 | 225 | +1.8% |
Asking Price vs. Sold Price
134 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.
Summary: A total of 225 homes were sold or pending in Spring Valley in April 2024, up by 1.8% month-over-month. Of the 225 sold homes, 60% were sold under asking, 19% were sold at asking, and 21% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 32 Days | -32.5% |
Summary: Homes in Spring Valley had an average of 32 days on market in Apr 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
155 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Valley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 225 homes were sold in Spring Valley; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.