Elko Real Estate Market
The median sale price for homes in Elko over the last 12 months is $188,500.
The median mortgage debt is $107,907.
The median sale price in January for single family homes is $150,000. The sale prices dropped by -31.03% from the previous month.
The price per square foot for sales in this area is $63.
Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
The percent of unoccupied properties is very low in Elko. It is -8.55% below the national average.
The percent of rental properties in Elko is 14.06% above the national average which is typical for urban areas.
Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.