Is Warm Springs-Truckee Canyon, 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, Warm Springs-Truckee Canyon has remained a Seller's Market.
Key Takeaway
Warm Springs-Truckee Canyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warm Springs-Truckee Canyon, NV
How much do homes in Warm Springs-Truckee Canyon, NV cost?
Median Sold Price
$559,999
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warm Springs-Truckee Canyon have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Warm Springs-Truckee Canyon was $559,999 in May 2024, up 1.8% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438K | $477.1K | +8.9% |
| 2 Bedrooms | $423.5K | $436.5K | +3.1% |
| 3 Bedrooms | $510K | $520K | +1.9% |
| 4 Bedrooms | $600K | $606K | +1.0% |
| 5+ Bedrooms | $683.9K | $750K | +9.7% |
Summary: Warm Springs-Truckee Canyon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| North Valleys | $435K | $445K | +2.3% |
| Sparks | $499.4K | $509.7K | +2.1% |
| Warm Springs-Truckee Canyon | $549.9K | $559.9K | +1.8% |
| Sun Valley | $405K | $410K | +1.2% |
| Clark | $367K | $339.2K | -7.6% |
Housing Supply in Warm Springs-Truckee Canyon, NV
How many homes are available in Warm Springs-Truckee Canyon, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 329 | 394 | +19.8% |
Summary: The Warm Springs-Truckee Canyon real estate market had 394 homes for sale in May 2024, a 19.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 148 | 183 | +23.6% |
| 4 Bedrooms | 117 | 143 | +22.2% |
| 5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Warm Springs-Truckee Canyon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 95 | +4.4% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warm Springs-Truckee Canyon, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Warm Springs-Truckee Canyon in May 2024, up by 4.4% month-over-month. Of the 95 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% were sold over asking.
Days on Market for Warm Springs-Truckee Canyon, NV
How long does it take to sell a home in Warm Springs-Truckee Canyon, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 71 Days | -11.4% |
Summary: Homes in Warm Springs-Truckee Canyon had an average of 71 days on market in May 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Warm Springs-Truckee Canyon has remained consistent over time.
Summary: During May 2024, 95 homes were sold in Warm Springs-Truckee Canyon; 11% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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