Is Technology Park, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Technology Park is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Technology Park was a Seller's Market.

Key Takeaway

Technology Park 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 Technology Park, NV

How much do homes in Technology Park, NV cost?

Median Sold Price

$477,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,000(+1.5%)

Key Takeaway

Homes in Technology Park have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Technology Park was $477,000 in October 2024, up 1.5% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$220K
+7.3%
2 $270K$276.7K
+2.5%
3 $455K$435K
-4.4%
4 $530K$538K
+1.5%
5+ $575K$550K
-4.3%

Summary: Technology Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 4.3%.

Housing Supply in Technology Park, NV

How many homes are available in Technology Park, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4449+11.4%

Summary: The Technology Park real estate market had 49 homes for sale in October 2024, a 11.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 46
+50.0%
3 1823
+27.8%
4 1310
-23.1%
5+ 77
0.0%

Summary: The Technology Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Technology Park, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Technology Park in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Technology Park, NV

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

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days38 Days+31.9%

Summary: Homes in Technology Park had an average of 38 days on market in Oct 2024, up by 31.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Technology Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Technology Park; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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

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