$10,000 Closing Credit*
$949,995
2,206 SqFt
2 Beds
•2 Full Baths, 1 Partial
Michael Wood, 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 October 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
$710,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,502(+3.7%)
Key Takeaway
Homes in Southeast have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Southeast was $710,000 in October 2024, up 3.7% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $766.5K | $710K | -7.4% |
| 3 Bedrooms | $650K | $657.5K | +1.2% |
| 4 Bedrooms | $670K | $720K | +7.5% |
| 5+ Bedrooms | $687.5K | $800K | +16.4% |
Summary: Southeast 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 decreased by 7.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Southeast, NV
How many homes are available in Southeast, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 98 | -4.9% |
Summary: The Southeast real estate market had 98 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 41 | 36 | -12.2% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Southeast 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 10%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
13 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. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Southeast in October 2024, down by 29.0% month-over-month. Of the 22 sold homes, 59% were sold under asking, 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 129 Days | 70 Days | -45.2% |
Summary: Homes in Southeast had an average of 70 days on market in Oct 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southeast has remained consistent over time.
Summary: During October 2024, 22 homes were sold in Southeast; 5% of homes were sold within 30 days, 77% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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