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 neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Rancho Charleston 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 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 October 2023

-$9,000(-2.1%)

Key Takeaway

Homes in Rancho Charleston have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Rancho Charleston was $410,000 in October 2024, down 2.1% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $275K$302K
+9.8%
3 $429K$379K
-11.7%
4 $427.5K$525K
+22.8%
5+ $1.1M$900K
-20.0%

Summary: Rancho Charleston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Neighborhoods

McNeil Park
+4.1%
Rancho Charleston
-2.1%

Housing Supply in Rancho Charleston, NV

How many homes are available in Rancho Charleston, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115126+9.6%

Summary: The Rancho Charleston real estate market had 126 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2526
+4.0%
3 4047
+17.5%
4 2931
+6.9%
5+ 2021
+5.0%

Summary: The Rancho Charleston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2420-16.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were 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. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Rancho Charleston in October 2024, down by 16.7% month-over-month. Of the 20 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
23 Days54 Days+133.4%

Summary: Homes in Rancho Charleston had an average of 54 days on market in Oct 2024, up by 133.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 October 2024, 20 homes were sold in Rancho Charleston; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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 20 Days Ago

Newest Listings in Rancho Charleston, NV

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