Is Silver Springs, NV 89429 a buyer’s or seller’s market?
Silver Springs is a seller’s market. With about 3.2 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Silver Springs housing market right now
In the three months ending August 31, 2026, 40% of homes in Silver Springs, NV 89429 sold above their list price, the typical home went under contract in 28 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (40% then), homes sold about as fast and the median sale price fell 2% to $469,797. Overall, Silver Springs is about as competitive as it was a year ago.
Within Lyon County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Yerington 89447 (0% sold over asking) or Silver City 89428 (0% sold over asking).
Run the numbers for 89429
Nearby markets
Dayton 89403Seller’s market $258 /sq ftSilver City 89428 $207 /sq ftSmith 89430 $363 /sq ftWellington 89444Seller’s market $283 /sq ft Browse all markets →Towns like Silver Springs nearby
Find towns like Silver Springs in other states →Where Silver Springs is
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Questions about Silver Springs real estate
Is Silver Springs a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Silver Springs, NV 89429 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Silver Springs?
The typical home went under contract in 28 days in the latest three months.
Do homes in Silver Springs sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What are property taxes in Silver Springs?
About 0.46% of a home’s value a year in Lyon County, or roughly $1,840 on a $400,000 home.
What is the median home price in Silver Springs?
The median sale price was $469,797 in the three months ending August 31, 2026, about $278 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology