$2,670 Closing Credit*
$224,824
544 SqFt
1 Bed
•1 Full Bath
Brian Kuykendall, Listing Office: Keller Williams Group One Inc.
Is Downtown Reno Regional Center, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Downtown Reno Regional Center was a Seller's Market.
Key Takeaway
Downtown Reno Regional Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Reno Regional Center, NV
How much do homes in Downtown Reno Regional Center, NV cost?
Median Sold Price
$345,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+16.0%)
Key Takeaway
Homes in Downtown Reno Regional Center have sold for 16% more than they did a year ago.
Summary: The median home sold price in Downtown Reno Regional Center was $345,000 in October 2024, up 16% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265.5K | $305K | +14.9% |
| 2 Bedrooms | $336.5K | $475K | +41.2% |
| 3 Bedrooms | $840K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown Reno Regional Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 41.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Reno Regional Center | $297.5K | $345K | +16.0% |
| West University | $545K | $492K | -9.7% |
Housing Supply in Downtown Reno Regional Center, NV
How many homes are available in Downtown Reno Regional Center, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The Downtown Reno Regional Center real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 22 | -8.3% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Reno Regional Center housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Reno Regional Center, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Downtown Reno Regional Center in October 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Downtown Reno Regional Center, NV
How long does it take to sell a home in Downtown Reno Regional Center, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 133 Days | +121.3% |
Summary: Homes in Downtown Reno Regional Center had an average of 133 days on market in Oct 2024, up by 121.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown Reno Regional Center has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Downtown Reno Regional Center; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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