Is Nevada, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Nevada was a Seller's Market.
Housing Prices in Nevada, MO
How much do homes in Nevada, MO cost?
Median Sold Price
$154,062
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nevada was $154,062 in May 2024, up 6.6% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28.5K | $200K | +601.8% |
2 Bedrooms | $52.5K | $130K | +147.6% |
3 Bedrooms | $158.7K | $150K | -5.5% |
4 Bedrooms | $185K | $270K | +45.9% |
5+ Bedrooms | $210K | $95.6K | -54.5% |
Summary: Nevada housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 601.8%, 2 bedroom homes increased by 147.6%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 45.9%, and 5+ bedroom homes decreased by 54.5%.
Median Sold Price Compared To Nearby Cities
Center Township | $139.5K | $154K | +10.4% |
Nevada | $144.5K | $154K | +6.6% |
Housing Supply in Nevada, MO
How many homes are available in Nevada, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 78 | -1.3% |
Summary: The Nevada real estate market had 78 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 14 | -17.6% |
3 Bedrooms | 44 | 47 | +6.8% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Nevada housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 11 | -59.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Nevada in May 2024, down by 59.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nevada, MO
How long does it take to sell a home in Nevada, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 80 Days | +35.6% |
Summary: Homes in Nevada had an average of 80 days on market in May 2024, up by 35.6% compared to last year.
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
Summary: During May 2024, 11 homes were sold in Nevada; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.