Nevada Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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Nevada real estate trends

Real estate trends in Nevada | Sellers | Buyers | Investors | The best and worst of Nevada | Nevada resources

Nevada real estate trends (October 2021)

How is the real estate market in Nevada?
🏠 Average home value: $378,779
📈 3.25% home value increase month over month
💰 Median sale price: $364,000
⏳ 38 days on the market
🔑 Homes on the market: 7,404
📆 3.9 months of housing inventory
🏦 30-year mortgage rate: 2.98%
💵 Average income: 61439
State of the market: A
Homes are selling quickly right now. But there's been a sudden surge in inventory, which is giving buyers more time and leverage when looking for a house.
*Data last updated October 2021

Nevada immediately calls to mind the bustling casinos, showstopping musical revues, and walk-in wedding chapels that line the neon-lit Las Vegas Strip.

But residents know the Sagebrush State has so much more to offer. Nevada has more than 400 hiking trails that guide visitors and residents through stunning mountains, lakes, and forests. Its dry, desert climate is ideal for those looking to escape humid summers.

Best of all, there's no income tax!

If you're thinking of buying or selling in Nevada, these Nevada housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Nevada

Nevada real estate market forecast for sellers
⏰ Homes are selling 7.5 days faster than the annual average
💰 Homes are selling for $61,234 more than the annual average
💸 Average listing commission: 2.46%
💸 Average buyer's commission: 2.54%

How to sell a home in Nevada

Cost to sell a home in Nevada

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 on commission!

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Buying a home in Nevada

How much home you can buy with $300,000 in...
🏠 Las Vegas: 1,301 sq ft
🏡 Carson City: 1,043 sq ft
🏡 Reno: 910 sq ft
🏠 Elko: 1,695 sq ft

Investing in Nevada real estate

Best of Nevada

Each month, we compare cities in Nevada based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Nevada
1. Sunrise Manor
2. Enterprise
3. Spring Valley

Ready to buy a home in Nevada? Eligible buyers get cash back with Clever!

Worst of Nevada

Each month, we compare cities in Nevada based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Nevada
1. Carson City
2. Reno
3. Las Vegas-Henderson-Paradise

Nevada resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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