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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Charleston is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Rancho Charleston, NV

How much do homes in Rancho Charleston, NV cost?

Median Sold Price

$410,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,497(-3.0%)

Key Takeaway

Homes in Rancho Charleston have sold for 3% less than they did a year ago.

Summary: The median home sold price in Rancho Charleston was $410,000 in November 2024, down 3% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $265K$307K
+15.9%
3 $421.5K$387.5K
-8.1%
4 $455K$450K
-1.1%
5+ $1.0M$950K
-6.2%

Summary: Rancho Charleston 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 increased by 15.9%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 6.2%.

Housing Supply in Rancho Charleston, NV

How many homes are available in Rancho Charleston, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
111110-0.9%

Summary: The Rancho Charleston real estate market had 110 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2121
0.0%
3 4337
-14.0%
4 2834
+21.4%
5+ 1817
-5.6%

Summary: The Rancho Charleston 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 remained the same, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Charleston, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Rancho Charleston in November 2024, down by 35.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.

Days on Market for Rancho Charleston, NV

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days48 Days+70.3%

Summary: Homes in Rancho Charleston had an average of 48 days on market in Nov 2024, up by 70.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rancho Charleston has remained consistent over time.

Summary: During November 2024, 13 homes were sold in Rancho Charleston; 31% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 8% 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 21 Days Ago

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