$8,906 Closing Credit*
$750,000
1,888 SqFt
3 Beds
•2 Full Baths
Jack Graham, Listing Office: Simply Vegas
Is Spring 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, Spring Valley was a Seller's Market.
Key Takeaway
Spring Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spring Valley, NV
How much do homes in Spring Valley, NV cost?
Median Sold Price
$424,576
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,614(+6.2%)
Key Takeaway
Homes in Spring Valley have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Spring Valley was $424,576 in November 2024, up 6.2% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.5K | $197K | +1.3% |
| 2 Bedrooms | $255K | $266.1K | +4.4% |
| 3 Bedrooms | $410K | $423.8K | +3.4% |
| 4 Bedrooms | $495K | $529.6K | +7.0% |
| 5+ Bedrooms | $604.5K | $699K | +15.6% |
Summary: Spring Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in Spring Valley, NV
How many homes are available in Spring Valley, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 967 | 1,018 | +5.3% |
Summary: The Spring Valley real estate market had 1,018 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 55 | 62 | +12.7% |
| 2 Bedrooms | 256 | 286 | +11.7% |
| 3 Bedrooms | 311 | 322 | +3.5% |
| 4 Bedrooms | 240 | 233 | -2.9% |
| 5+ Bedrooms | 105 | 115 | +9.5% |
Summary: The Spring Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 166 | 155 | -6.6% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Valley, you may be able to get a good deal. 67.1% of homes here sold below asking price last month.
Summary: A total of 155 homes were sold or pending in Spring Valley in November 2024, down by 6.6% month-over-month. Of the 155 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for Spring Valley, NV
How long does it take to sell a home in Spring Valley, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +27.9% |
Summary: Homes in Spring Valley had an average of 35 days on market in Nov 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 155 homes were sold in Spring Valley; 54% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.