$4,619 Closing Credit*
$389,000
1,554 SqFt
2 Beds
•2 Full Baths, 1 Partial
Brittany Smith, Listing Office: RE/MAX Professionals-Reno
Is North Valleys, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Valleys has remained a Seller's Market.
Key Takeaway
North Valleys is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Valleys, NV
How much do homes in North Valleys, NV cost?
Median Sold Price
$446,809
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,809(+2.7%)
Key Takeaway
Homes in North Valleys have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in North Valleys was $446,809 in October 2024, up 2.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $171K | +3.6% |
| 2 Bedrooms | $345K | $350K | +1.4% |
| 3 Bedrooms | $420K | $432.5K | +3.0% |
| 4 Bedrooms | $479.9K | $499.7K | +4.1% |
| 5+ Bedrooms | $540K | $543K | +0.6% |
Summary: North Valleys housing prices by bedroom type for October 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 4.1%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.2K | $570.6K | +7.8% |
| Sun Valley | $400K | $415K | +3.8% |
| North Valleys | $435K | $446.8K | +2.7% |
| Reno North | $475K | $482.8K | +1.7% |
Housing Supply in North Valleys, NV
How many homes are available in North Valleys, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 288 | 298 | +3.5% |
Summary: The North Valleys real estate market had 298 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 34 | 38 | +11.8% |
| 3 Bedrooms | 136 | 132 | -2.9% |
| 4 Bedrooms | 93 | 104 | +11.8% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The North Valleys housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Valleys, expect to pay close to the asking price. 41.5% of homes here sold near the asking price last month.
Summary: A total of 65 homes were sold or pending in North Valleys in October 2024, up by 20.4% month-over-month. Of the 65 sold homes, 40% were sold under asking, 42% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 82 Days | 0.4% |
Summary: Homes in North Valleys had an average of 82 days on market in Oct 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Valleys has remained consistent over time.
Summary: During October 2024, 65 homes were sold in North Valleys; 8% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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