Torry Johnson's Market Report

Minden, NV

Single-Family Homes

775.790.4637 | tjohnson@chaseinternational.com | www.torryjohnson.com



Minden, NV

Fri Feb 28 2020
This week the median list price for Minden, NV is $549,900 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 67. Click here to stay informed with the Minden market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Minden, NV

Fri Feb 28 2020
This week the median list price for Minden, NV is $549,900 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 67. Click here to stay informed with the Minden market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Minden market.
Median List Price $549,900
Per Square Foot $234
Days on Market 109
Price Decreased 31%
Price Increased 6%
Relisted 4%
Inventory 67
Median Rent $2,000
Most Expensive $1,299,000
Least Expensive $230,000
Market Action 31
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$744,950 3,101 1 - 2.5 acres 4 3 17 2 1 129
$595,000 2,703 0.25 - 0.5 acre 4 3 22 1 1 144
$469,000 1,912 0.25 - 0.5 acre 3 2 23 1 1 67
$389,000 1,523 0.25 - 0.5 acre 3 2 30 3 0 96