Is Spring Mountain Ranch, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Mountain Ranch is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Spring Mountain Ranch was a Buyer's Market.

Key Takeaway

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

Housing Prices in Spring Mountain Ranch, NV

How much do homes in Spring Mountain Ranch, NV cost?

Median Sold Price

$410,000

$262/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$35,000(+9.3%)

Key Takeaway

Homes in Spring Mountain Ranch have sold for 9.3% more than they did a month ago.

Summary: The median home sold price in Spring Mountain Ranch was $410,000 in November 2024, up 9.3% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $375K$436K
+16.3%
4 -$410K
N/A
5+ --
N/A

Summary: Spring Mountain Ranch housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Centennial Village
+72.8%
Spring Mountain Ranch
+9.3%

Housing Supply in Spring Mountain Ranch, NV

How many homes are available in Spring Mountain Ranch, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1416+14.3%

Summary: The Spring Mountain Ranch real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 67
+16.7%
4 67
+16.7%
5+ 11
0.0%

Summary: The Spring Mountain Ranch 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 16.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Mountain Ranch, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Spring Mountain Ranch in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Spring Mountain Ranch, NV

How long does it take to sell a home in Spring Mountain Ranch, NV?

Average Sale Time

Oct 2024Nov 2024CHANGE
35 Days23 Days-32.4%

Summary: Homes in Spring Mountain Ranch had an average of 23 days on market in Nov 2024, down by 32.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spring Mountain Ranch are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Spring Mountain Ranch; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Spring Mountain Ranch, NV

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