$2,671 Closing Credit*
$224,900
936 SqFt
2 Beds
•1 Full Bath, 1 Partial
Sandra Gabrielli, Listing Office: RE/MAX Professionals-Sparks
Is Reno Southeast, 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 Southeast has remained a Seller's Market.
Key Takeaway
Reno Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reno Southeast, NV
How much do homes in Reno Southeast, NV cost?
Median Sold Price
$589,571
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,904(+9.2%)
Key Takeaway
Homes in Reno Southeast have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Reno Southeast was $589,571 in October 2024, up 9.2% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $207K | +1.0% |
| 2 Bedrooms | $385K | $399.5K | +3.8% |
| 3 Bedrooms | $565K | $587.6K | +4.0% |
| 4 Bedrooms | $670K | $715K | +6.7% |
| 5+ Bedrooms | $800K | $790K | -1.3% |
Summary: Reno Southeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Washoe Valley | $982.5K | $1.0M | +9.4% |
| Reno Southeast | $539.6K | $589.5K | +9.2% |
| Reno | $529.2K | $570.6K | +7.8% |
| Sparks | $496.2K | $519K | +4.6% |
| Reno North | $475K | $482.8K | +1.7% |
Housing Supply in Reno Southeast, NV
How many homes are available in Reno Southeast, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 331 | 343 | +3.6% |
Summary: The Reno Southeast real estate market had 343 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 28 | +33.3% |
| 2 Bedrooms | 80 | 85 | +6.3% |
| 3 Bedrooms | 123 | 119 | -3.3% |
| 4 Bedrooms | 84 | 87 | +3.6% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Reno Southeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 79 | -8.1% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reno Southeast, you may be able to get a good deal. 60.8% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Reno Southeast in October 2024, down by 8.1% month-over-month. Of the 79 sold homes, 61% were sold under asking, 23% were sold at asking, and 16% were sold over asking.
Days on Market for Reno Southeast, NV
How long does it take to sell a home in Reno Southeast, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 77 Days | +2.2% |
Summary: Homes in Reno Southeast had an average of 77 days on market in Oct 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reno Southeast has remained consistent over time.
Summary: During October 2024, 79 homes were sold in Reno Southeast; 9% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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