Nevada started 2024 with a total of 5,224 single-family homes on the market, with a median home price of $537,825 and an average price per square foot of $327.87. By the end of the year, inventory had increased to 6,730 homes on the market (+29%), with a median home price of $549,998 (+2%), and an average price per square foot of $337 (+3%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 77 days.
Nevada started the year with 31.58% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 34.21% of homes for sale had taken a price cut.
