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Featured local agent — Nevada, IA
Sarah Mitchell
Compass Real Estate · Nevada, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Nevada, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$265,000median sale price
How is the Nevada, IA housing market right now?
The median home sale price in Nevada, IA is $265,000, down 16.7% year-over-year. Homes sell in an average of 11 days with 14 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Nevada a buyer's or seller's market?
Nevada, IA is currently a seller's market, based on 2.3 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
11
Fast-moving
Active listings
14
2.3 months supply
Sale-to-list
98.0%
Below asking
What does the Nevada housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $265,000 |
| Median list price | $232,500 |
| Year-over-year price change | -16.7% |
| Average days on market | 11 days |
| Active inventory | 14 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $232/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 6 |
| Listings with a price cut | 57.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Nevada by property type?
How the Nevada, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $360,000 | $197/sq ft | 4 | 11 days |
| Condo / Co-op | $285,000 | $198/sq ft | 1 | 139 days |
| Townhouse | $188,500 | $248/sq ft | 2 | 88 days |
Source: Redfin · Updated monthly
The Nevada housing market is currently classified as a seller's market with a median sale price of $265,000. Prices have fallen 16.7% compared to last year, with homes spending an average of 11 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Nevada
There are currently 14 homes listed for sale in Nevada, Iowa. The median listing price is $233K.
Active listings
14
Homes on market
Median list price
$233K
Avg. days on market
11
Days until sale
New this week
6
Newly listed
Who lives in Nevada?
Population
6,952
Median income
$75,221/yr
Median age
39.9 years
Owner-occupied
71.1%
College grads
30.6%
Avg commute
19.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Nevada?
Zillow home value
$252,921
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Nevada?
Nevada is a community of approximately 7K residents with a median age of 39.9 years.The median household income is $75,221, which reflects a relatively affluent area with strong earning potential. 30.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Nevada offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Nevada?
3 schools tracked · 1,570 students
The largest public schools serving Nevada, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Central Elementary School
Grades PK-4 · 646 students
Nevada High School
Grades 9-12 · 503 students
Nevada Middle School
Grades 5-8 · 421 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Nevada, IA?
Want a head-to-head view? Compare Nevada side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Nevada?
The median home sale price in Nevada is $265,000, down 16.7% from last year.
How long do homes stay on market in Nevada?
Homes typically spend 11 days on market before going under contract.
What is the median income in Nevada?
The median household income is $75,221 per year.
Is Nevada a buyer's or seller's market?
With 2.3 months of supply, Nevada is currently a seller's market.
What is the Zillow home value estimate for Nevada?
The Zillow Home Value Index (ZHVI) for Nevada is $252,921, representing the typical home value in the area.
What is the median condo price in Nevada?
The median condo/co-op sale price in Nevada, IA is $285,000, compared to $360,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Nevada?
The median single-family home price in Nevada, IA is $360,000 (about $197 per square foot).
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