$2,909 Closing Credit*
$245,000
973 SqFt
3 Beds
•1 Full Bath
Michael Fronk, Listing Office: Vylla Home
Is Northeast, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Northeast has remained a Seller's Market.
Key Takeaway
Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast, NV
How much do homes in Northeast, NV cost?
Median Sold Price
$256,720
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,180(-2.4%)
Key Takeaway
Homes in Northeast have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Northeast was $256,720 in November 2024, down 2.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $209K | +39.8% |
| 2 Bedrooms | $206.5K | $186K | -9.9% |
| 3 Bedrooms | $270K | $334.9K | +24.0% |
| 4 Bedrooms | $310K | $377.5K | +21.8% |
| 5+ Bedrooms | - | $480K | N/A |
Summary: Northeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| University of Nevada Regional Center | $361.2K | $365K | +1.0% |
| Northeast | $262.9K | $256.7K | -2.4% |
Housing Supply in Northeast, NV
How many homes are available in Northeast, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The Northeast real estate market had 38 homes for sale in November 2024, a 8.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Northeast in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Northeast, NV
How long does it take to sell a home in Northeast, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 51 Days | -31.2% |
Summary: Homes in Northeast had an average of 51 days on market in Nov 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northeast has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Northeast; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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