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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nevada is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Nevada has remained a Seller's Market.

Key Takeaway

Nevada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Nevada, MO

How much do homes in Nevada, MO cost?

Median Sold Price

$242,500

$140/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$32,500(-11.8%)

Key Takeaway

Homes in Nevada have sold for 11.8% less than they did a month ago.

Summary: The median home sold price in Nevada was $242,500 in October 2024, down 11.8% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $40K$130K
+225.0%
3 -$242.5K
N/A
4 $510K$362K
-29.0%
5+ --
N/A

Summary: Nevada housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 225%, 3 bedroom homes did not change, 4 bedroom homes decreased by 29%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Nevada
-11.8%
Center Township
-21.6%

Housing Supply in Nevada, MO

How many homes are available in Nevada, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9496+2.1%

Summary: The Nevada real estate market had 96 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1616
0.0%
3 6060
0.0%
4 1516
+6.7%
5+ 01
+100.0%

Summary: The Nevada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1720+17.6%

Asking Price vs. Sold Price

3 Homes Were 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 20 homes were sold or pending in Nevada in October 2024, up by 17.6% month-over-month. Of the 3 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

Sep 2024Oct 2024CHANGE
54 Days65 Days+20.4%

Summary: Homes in Nevada had an average of 65 days on market in Oct 2024, up by 20.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nevada are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in Nevada; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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 17 Days Ago

Newest Listings in Nevada, MO

Nearby Markets to Nevada, MO

What housing markets are near Nevada, MO?