Is Rancho Alta Mira, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Alta Mira is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Rancho Alta Mira has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Rancho Alta Mira, NV

How much do homes in Rancho Alta Mira, NV cost?

Median Sold Price

$405,000

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,000(-2.4%)

Key Takeaway

Homes in Rancho Alta Mira have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Rancho Alta Mira was $405,000 in November 2024, down 2.4% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$310.3K
N/A
3 $400K$421.9K
+5.5%
4 $443.9K$475K
+7.0%
5+ $585K-
N/A

Summary: Rancho Alta Mira housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

North Cheyenne
+6.2%
Rancho Alta Mira
-2.4%

Housing Supply in Rancho Alta Mira, NV

How many homes are available in Rancho Alta Mira, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1315+15.4%

Summary: The Rancho Alta Mira real estate market had 15 homes for sale in November 2024, a 15.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1013
+30.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Rancho Alta Mira housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Alta Mira, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Rancho Alta Mira in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Rancho Alta Mira, NV

How long does it take to sell a home in Rancho Alta Mira, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
68 Days11 Days-83.1%

Summary: Homes in Rancho Alta Mira had an average of 11 days on market in Nov 2024, down by 83.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Rancho Alta Mira; 100% of homes were sold within 30 days, 0% 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 24 Days Ago

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