Is Washoe County, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Washoe County has remained a Seller's Market.
Housing Prices in Washoe County, NV
How much do homes in Washoe County, NV cost?
Median Sold Price
$534,973
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washoe County was $534,973 in May 2024, up 3.2% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222.5K | $215K | -3.4% |
2 Bedrooms | $385.4K | $402.5K | +4.4% |
3 Bedrooms | $498.7K | $510.4K | +2.4% |
4 Bedrooms | $611.9K | $639.9K | +4.6% |
5+ Bedrooms | $802K | $859.9K | +7.2% |
Summary: Washoe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Counties
Washoe County | $518.1K | $534.9K | +3.2% |
Lyon County | $397.5K | $390K | -1.9% |
Housing Supply in Washoe County, NV
How many homes are available in Washoe County, NV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,760 | 2,064 | +17.3% |
Summary: The Washoe County real estate market had 2,064 homes for sale in May 2024, a 17.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 63 | 73 | +15.9% |
2 Bedrooms | 279 | 337 | +20.8% |
3 Bedrooms | 751 | 884 | +17.7% |
4 Bedrooms | 500 | 580 | +16.0% |
5+ Bedrooms | 167 | 190 | +13.8% |
Summary: The Washoe County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
438 | 481 | +9.8% |
Asking Price vs. Sold Price
210 Homes Were Sold
Under Asking
125 Homes Were Sold
At Asking
146 Homes Were Sold
Over Asking
Summary: A total of 481 homes were sold or pending in Washoe County in May 2024, up by 9.8% month-over-month. Of the 481 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for Washoe County, NV
How long does it take to sell a home in Washoe County, NV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 68 Days | -11.9% |
Summary: Homes in Washoe County had an average of 68 days on market in May 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
326 Homes Were Sold
In 30 - 90 Days
86 Homes Were Sold
Over 90 Days
Summary: During May 2024, 481 homes were sold in Washoe County; 14% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.