$165,000
0.36 Acres
Land
Christy Indie, Listing Office: Chase International-Damonte
Is North Valleys, 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, North Valleys was a Seller's Market.
Key Takeaway
North Valleys is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Valleys, NV
How much do homes in North Valleys, NV cost?
Median Sold Price
$448,828
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,828(+3.2%)
Key Takeaway
Homes in North Valleys have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in North Valleys was $448,828 in November 2024, up 3.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $171K | +3.6% |
| 2 Bedrooms | $345K | $350K | +1.4% |
| 3 Bedrooms | $420.8K | $433.7K | +3.0% |
| 4 Bedrooms | $480K | $500K | +4.2% |
| 5+ Bedrooms | $540K | $535.9K | -0.7% |
Summary: North Valleys housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.5K | $573.8K | +8.4% |
| Reno North | $468.2K | $484.6K | +3.5% |
| North Valleys | $435K | $448.8K | +3.2% |
| Sun Valley | $404.9K | $414.6K | +2.4% |
Housing Supply in North Valleys, NV
How many homes are available in North Valleys, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 287 | 269 | -6.3% |
Summary: The North Valleys real estate market had 269 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 35 | 38 | +8.6% |
| 3 Bedrooms | 129 | 121 | -6.2% |
| 4 Bedrooms | 101 | 88 | -12.9% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The North Valleys housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 42 | -37.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Valleys, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in North Valleys in November 2024, down by 37.3% month-over-month. Of the 42 sold homes, 38% were sold under asking, 45% were sold at asking, and 17% were sold over asking.
Days on Market for North Valleys, NV
How long does it take to sell a home in North Valleys, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 81 Days | +11.3% |
Summary: Homes in North Valleys had an average of 81 days on market in Nov 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Valleys has remained consistent over time.
Summary: During November 2024, 42 homes were sold in North Valleys; 2% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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