Is Nevada, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nevada is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Nevada was a Seller's Market.

Key Takeaway

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

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

+$9,562(+6.6%)

Key Takeaway

Homes in Nevada have sold for 6.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $28.5K$200K
+601.8%
2 $52.5K$130K
+147.6%
3 $158.7K$150K
-5.5%
4 $185K$270K
+45.9%
5+ $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
+10.4%
Nevada
+6.6%

Housing Supply in Nevada, MO

How many homes are available in Nevada, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7978-1.3%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1714
-17.6%
3 4447
+6.8%
4 1516
+6.7%
5+ 31
-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 2024May 2024CHANGE
2711-59.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nevada, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023May 2024CHANGE
59 Days80 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nevada has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Nevada, MO

Nearby Markets to Nevada, MO

What housing markets are near Nevada, MO?