$29,900
4.77 Acres
Land
Katherine Gillespie, Listing Office: eXp Realty
Is Silver Springs, 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, Silver Springs has remained a Buyer's Market.
Key Takeaway
Silver Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Springs, NV
How much do homes in Silver Springs, NV cost?
Median Sold Price
$375,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,852(+12.2%)
Key Takeaway
Homes in Silver Springs have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Silver Springs was $375,000 in November 2024, up 12.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $302.5K | -6.9% |
| 3 Bedrooms | $319.7K | $375K | +17.3% |
| 4 Bedrooms | $365K | $414.9K | +13.7% |
| 5+ Bedrooms | $444K | $525K | +18.2% |
Summary: Silver Springs 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 decreased by 6.9%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| Silver Springs | $334.1K | $375K | +12.2% |
| Fernley | $370K | $388.5K | +5.0% |
| Dayton | $435K | $453.7K | +4.3% |
| Virginia City | $565K | $540K | -4.4% |
Housing Supply in Silver Springs, NV
How many homes are available in Silver Springs, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Silver Springs real estate market had 16 homes for sale in November 2024, a 23.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Springs 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 increased by 10%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Silver Springs in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Springs, NV
How long does it take to sell a home in Silver Springs, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 87 Days | -10.7% |
Summary: Homes in Silver Springs had an average of 87 days on market in Nov 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silver Springs has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Silver Springs; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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