$2,552 Closing Credit*
$214,900
477 SqFt
Studio
•1 Full Bath
Nicolle Gust, Listing Office: Chase International-Damonte
Is Reno North, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Reno North has remained a Seller's Market.
Key Takeaway
Reno North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reno North, NV
How much do homes in Reno North, NV cost?
Median Sold Price
$484,600
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,350(+3.5%)
Key Takeaway
Homes in Reno North have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Reno North was $484,600 in November 2024, up 3.5% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $241.5K | +0.6% |
| 2 Bedrooms | $329.9K | $344K | +4.3% |
| 3 Bedrooms | $480K | $495K | +3.1% |
| 4 Bedrooms | $575K | $605K | +5.2% |
| 5+ Bedrooms | $646.5K | $700K | +8.3% |
Summary: Reno North housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.5K | $573.8K | +8.4% |
| Verdi | $734.5K | $780K | +6.2% |
| Sparks | $499.7K | $518.5K | +3.8% |
| Reno North | $468.2K | $484.6K | +3.5% |
| Sun Valley | $404.9K | $414.6K | +2.4% |
Housing Supply in Reno North, NV
How many homes are available in Reno North, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 292 | -1.4% |
Summary: The Reno North real estate market had 292 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 34 | +3.0% |
| 2 Bedrooms | 83 | 85 | +2.4% |
| 3 Bedrooms | 111 | 104 | -6.3% |
| 4 Bedrooms | 60 | 60 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Reno North housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 55 | -12.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reno North, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Reno North in November 2024, down by 12.7% month-over-month. Of the 55 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% were sold over asking.
Days on Market for Reno North, NV
How long does it take to sell a home in Reno North, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 103 Days | +23.2% |
Summary: Homes in Reno North had an average of 103 days on market in Nov 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reno North has remained consistent over time.
Summary: During November 2024, 55 homes were sold in Reno North; 18% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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