$425,000
5.22 Acres
Land
Gregory Cremeans, Listing Office: Sierra Choice Realty
Is Pine Nut, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Pine Nut has remained a Seller's Market.
Key Takeaway
Pine Nut is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Nut, NV
How much do homes in Pine Nut, NV cost?
Median Sold Price
$1,129,500
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$43,000(-3.7%)
Key Takeaway
Homes in Pine Nut have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Pine Nut was $1,129,500 in August 2024, down 3.7% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $1.1M | +69.2% |
| 3 Bedrooms | $1.1M | $817.5K | -25.7% |
| 4 Bedrooms | $1.3M | $1.0M | -20.0% |
| 5+ Bedrooms | $1.6M | $1.4M | -13.6% |
Summary: Pine Nut housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.2%, 3 bedroom homes decreased by 25.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Topaz Lake | $437.5K | $675K | +54.3% |
| Gardnerville | $530K | $615K | +16.0% |
| Gardnerville-Minden | $546.9K | $593.3K | +8.5% |
| Minden | $647.5K | $650K | 0.4% |
| Pine Nut | $1.1M | $1.1M | -3.7% |
Housing Supply in Pine Nut, NV
How many homes are available in Pine Nut, NV?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Pine Nut real estate market had 5 homes for sale in August 2024, a 28.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Pine Nut housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Nut, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Pine Nut in August 2024, down by 66.7% 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 Pine Nut, NV
How long does it take to sell a home in Pine Nut, NV?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 92 Days | 388 Days | +321.7% |
Summary: Homes in Pine Nut had an average of 388 days on market in Aug 2024, up by 321.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Pine Nut are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 1 homes were sold in Pine Nut; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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