$10,000 Closing Credit*
$1,075,000
2,687 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tim Holden, Listing Office: RE/MAX Professionals-Reno
Is Southeast, 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, 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
$706,666
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,666(+3.2%)
Key Takeaway
Homes in Southeast have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Southeast was $706,666 in November 2024, up 3.2% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $768K | $703K | -8.5% |
| 3 Bedrooms | $650K | $660K | +1.5% |
| 4 Bedrooms | $672.5K | $710K | +5.6% |
| 5+ Bedrooms | $742.9K | $810K | +9.0% |
Summary: Southeast 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 8.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9%.
Housing Supply in Southeast, NV
How many homes are available in Southeast, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 85 | -11.5% |
Summary: The Southeast real estate market had 85 homes for sale in November 2024, a 11.5% decrease 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 | 22 | 25 | +13.6% |
| 3 Bedrooms | 36 | 28 | -22.2% |
| 4 Bedrooms | 31 | 26 | -16.1% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Southeast 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 increased by 13.6%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Southeast in November 2024, down by 12.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 95 Days | +11.3% |
Summary: Homes in Southeast had an average of 95 days on market in Nov 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Southeast are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 21 homes were sold in Southeast; 5% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.
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