$195,000
9.56 Acres
Land
Patricia Riley, Listing Office: Walker River Basin Realty
Is Smith Valley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Smith Valley was a Seller's Market.
Key Takeaway
Smith Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Smith Valley, NV
How much do homes in Smith Valley, NV cost?
Median Sold Price
$561,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$72,000(-11.4%)
Key Takeaway
Homes in Smith Valley have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Smith Valley was $561,000 in November 2024, down 11.4% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $510K | +27.5% |
| 2 Bedrooms | $380K | $382K | 0.5% |
| 3 Bedrooms | $647.5K | $561K | -13.4% |
| 4 Bedrooms | $714K | $637K | -10.8% |
| 5+ Bedrooms | - | $950K | N/A |
Summary: Smith Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes did not change.
Housing Supply in Smith Valley, NV
How many homes are available in Smith Valley, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Smith Valley real estate market had 23 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Smith Valley 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 decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smith Valley, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Smith Valley in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Smith Valley, NV
How long does it take to sell a home in Smith Valley, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 77 Days | +20.8% |
Summary: Homes in Smith Valley had an average of 77 days on market in Nov 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Smith Valley has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Smith Valley; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.