Is Downtown, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Downtown 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 Downtown, NV

How much do homes in Downtown, NV cost?

Median Sold Price

$355,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.4%)

Key Takeaway

Homes in Downtown have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Downtown was $355,000 in October 2024, up 1.4% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $328.2K$319K
-2.8%
2 $367.9K$397K
+7.9%
3 $342.5K$355K
+3.6%
4 $362.5K$378K
+4.3%
5+ $395K$399K
+1.0%

Summary: Downtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1%.

Housing Supply in Downtown, NV

How many homes are available in Downtown, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
117136+16.2%

Summary: The Downtown real estate market had 136 homes for sale in October 2024, a 16.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2527
+8.0%
2 2736
+33.3%
3 3844
+15.8%
4 2223
+4.5%
5+ 56
+20.0%

Summary: The Downtown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1722+29.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downtown, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Downtown in October 2024, up by 29.4% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for Downtown, NV

How long does it take to sell a home in Downtown, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days45 Days+29.5%

Summary: Homes in Downtown had an average of 45 days on market in Oct 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 22 homes were sold in Downtown; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in Downtown, NV

Nearby Markets to Downtown, NV