Nevada Home Prices & Values

$189,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 17.6% 1-year change
  • 7.1% 1-year forecast

The median home value in Nevada is $189,000. Nevada home values have gone up 17.6% over the past year and Zillow predicts they will rise 7.1% within the next year. The median list price per square foot in Nevada is $114. The median price of homes currently listed in Nevada is $207,000 while the median price of homes that sold is $194,525. The median rent price in Nevada is $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Nevada 10.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Nevada is 11.4%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Nevada homeowners underwater on their mortgage is 26.3%.

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Relative ZHVI
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Nevada Market Overview

Data through Jul 31, 2014
  • $189,000 ZHVI
  • 7.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $207,000 Median listing price
  • $194,525 Median sale price
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Nevada Market Health

Data through Jul 31, 2014
  • 1.9/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 104 Average days on Zillow (Jun 30, 2014)
  • 26.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.4 homes Nevada
4.4 homes United States
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Cities in Nevada

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Gardnerville $242,100 Henderson $233,400 Reno $214,700
Sparks $212,900 Carson City $191,900 Las Vegas $175,400
North Las Vegas $163,900 Pahrump $155,200 Fernley $143,700

Listings & Sales

Data through Jul 31, 2014
  • $114 Median list price / sq ft
  • $114 Median sale price / sq ft
  • 29.4% Listings with price cut
24.7%
Sold below listing
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Nevada Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,199 Nevada
$1,318 United States
  • No data Breakeven horizon
  • $1,195 Rent list price
  • $0.74 Rent list price / sq ft
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