Is Wann, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wann is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Wann has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wann, NV

How much do homes in Wann, NV cost?

Median Sold Price

$425,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,790(+5.9%)

Key Takeaway

Homes in Wann have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Wann was $425,000 in November 2024, up 5.9% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $392.5K$390K
-0.6%
3 $382.9K$405.9K
+6.0%
4 $419.6K$435K
+3.7%
5+ $450K$490K
+8.9%

Summary: Wann 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 0.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 8.9%.

Housing Supply in Wann, NV

How many homes are available in Wann, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
323306-5.3%

Summary: The Wann real estate market had 306 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2422
-8.3%
3 141144
+2.1%
4 129112
-13.2%
5+ 2928
-3.4%

Summary: The Wann 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 decreased by 8.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 3.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7061-12.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wann, expect to pay close to the asking price. 44.3% of homes here sold near the asking price last month.

Summary: A total of 61 homes were sold or pending in Wann in November 2024, down by 12.9% month-over-month. Of the 61 sold homes, 28% were sold under asking, 44% were sold at asking, and 28% were sold over asking.

Days on Market for Wann, NV

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

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days32 Days-19.8%

Summary: Homes in Wann had an average of 32 days on market in Nov 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 61 homes were sold in Wann; 61% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

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