$2,670 Closing Credit*
$224,824
544 SqFt
1 Bed
•1 Full Bath
Brian Kuykendall, Listing Office: Keller Williams Group One Inc.
Is Reno North, 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, 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
$482,858
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,858(+1.7%)
Key Takeaway
Homes in Reno North have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Reno North was $482,858 in October 2024, up 1.7% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $239K | -0.4% |
| 2 Bedrooms | $329.9K | $369.9K | +12.1% |
| 3 Bedrooms | $485K | $491.8K | +1.4% |
| 4 Bedrooms | $574.5K | $597K | +3.9% |
| 5+ Bedrooms | $646.5K | $710K | +9.8% |
Summary: Reno North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.2K | $570.6K | +7.8% |
| Verdi | $731.9K | $780K | +6.6% |
| Sparks | $496.2K | $519K | +4.6% |
| Sun Valley | $400K | $415K | +3.8% |
| Reno North | $475K | $482.8K | +1.7% |
Housing Supply in Reno North, NV
How many homes are available in Reno North, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 293 | 305 | +4.1% |
Summary: The Reno North real estate market had 305 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 33 | 0.0% |
| 2 Bedrooms | 85 | 85 | 0.0% |
| 3 Bedrooms | 108 | 114 | +5.6% |
| 4 Bedrooms | 55 | 62 | +12.7% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Reno North housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 57 | -8.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
18 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. 47.4% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Reno North in October 2024, down by 8.1% month-over-month. Of the 57 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 76 Days | +28.2% |
Summary: Homes in Reno North had an average of 76 days on market in Oct 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reno North has remained consistent over time.
Summary: During October 2024, 57 homes were sold in Reno North; 12% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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