The Cost Per Square Foot for a Nevada Home

In Nevada, the current median home price is $239 per square foot, meaning $300,000 buys a 1,254 square foot home. For $500,000, buyers can get a 2,090 square foot home. The housing market remains expensive, with the 30-year mortgage rate averaging 6.07%. While some buyers are waiting for better conditions, there's no guarantee that prices will improve significantly soon. The market's perception varies based on how long individuals have been searching for a home.