Is Southeast, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Southeast has remained a Seller's Market.

Key Takeaway

Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southeast, NV

How much do homes in Southeast, NV cost?

Median Sold Price

$708,333

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$23,333(+3.4%)

Key Takeaway

Homes in Southeast have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Southeast was $708,333 in September 2024, up 3.4% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $730K$717.5K
-1.7%
3 $650K$650K
0.0%
4 $675K$710K
+5.2%
5+ $719K$800K
+11.3%

Summary: Southeast housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 11.3%.

Housing Supply in Southeast, NV

How many homes are available in Southeast, NV?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1031030.0%

Summary: The Southeast real estate market had 103 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1520
+33.3%
3 4641
-10.9%
4 3634
-5.6%
5+ 68
+33.3%

Summary: The Southeast housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2330+30.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Southeast in September 2024, up by 30.4% month-over-month. Of the 30 sold homes, 53% were sold under asking, 43% were sold at asking, and 3% were sold over asking.

Days on Market for Southeast, NV

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

Average Sale Time

Sep 2023Sep 2024CHANGE
68 Days78 Days+15.2%

Summary: Homes in Southeast had an average of 78 days on market in Sep 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southeast has remained consistent over time.

Summary: During September 2024, 30 homes were sold in Southeast; 3% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 27% 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 17 Days Ago

Newest Listings in Southeast, NV

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