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Thanks to low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in Nevada?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in Nevada is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in Nevada

Home values have been rising throughout Nevada and are up 4.17% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $292,300 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home value for Nevada at $292,300 , a representative monthly mortgage payment would be $1,343.75.

How the Nevada housing market stacks up

An incredible view of the Hoover Dam in Nevada, USA.
superjoseph / Shutterstock
An incredible view of the Hoover Dam in Nevada, USA.

Property values in Nevada are high by historical standards and are higher than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Nevada, they're expected to rise 1.88%.

Homes are going on the market in Nevada at a median price of $171 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Nevada home prices over the last 10 years

Year Avg. Price
2019* $305,213
2018 $287,075
2017 $255,433
2016 $231,650
2015 $213,633
2014 $195,258
2013 $169,050
2012 $140,475
2011 $140,008
2010 $156,750
2009 $179,325

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Nevada is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $427,500
2018 $407,500
2017 $357,500
2016 $320,000
2015 $295,000
2014 $272,500
2013 $242,500
2012 $192,500
2011 $187,500
2010 $212,500
2009 $232,500

*2019 price average through August 2019.