$8,894 Closing Credit*
$749,000
780 SqFt
1 Bed
•1 Full Bath
Nanette Fink-Eaton, Listing Office: Real Estate in Nevada
Is Incline Village, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Incline Village was a Seller's Market.
Key Takeaway
Incline Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Incline Village, NV
How much do homes in Incline Village, NV cost?
Median Sold Price
$1,550,000
$744/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$350,000(+29.2%)
Key Takeaway
Homes in Incline Village have sold for 29.2% more than they did a year ago.
Summary: The median home sold price in Incline Village was $1,550,000 in November 2024, up 29.2% from last year, and the median price per square foot was $744.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $612.5K | $760K | +24.1% |
| 2 Bedrooms | $825K | $1.0M | +26.1% |
| 3 Bedrooms | $1.1M | $1.0M | -2.5% |
| 4 Bedrooms | $2.0M | $2.3M | +10.8% |
| 5+ Bedrooms | $3.8M | $3.6M | -6.8% |
Summary: Incline Village housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Incline Village | $1.2M | $1.5M | +29.2% |
| Washoe Valley | $1.0M | $1.1M | +15.0% |
| Reno Southwest | $749.7K | $818.8K | +9.2% |
Housing Supply in Incline Village, NV
How many homes are available in Incline Village, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 78 | -17.0% |
Summary: The Incline Village real estate market had 78 homes for sale in November 2024, a 17.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 39 | 30 | -23.1% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Incline Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 9 | -57.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Incline Village, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Incline Village in November 2024, down by 57.1% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Incline Village, NV
How long does it take to sell a home in Incline Village, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 110 Days | 164 Days | +49.1% |
Summary: Homes in Incline Village had an average of 164 days on market in Nov 2024, up by 49.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Incline Village are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 9 homes were sold in Incline Village; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.