$10,000 Closing Credit*
$949,000
3,000 SqFt
5 Beds
•3 Full Baths
Marissa Phillips, Listing Office: Dickson Realty - Damonte Ranch
Is Sparks, 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, Sparks has remained a Seller's Market.
Key Takeaway
Sparks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparks, NV
How much do homes in Sparks, NV cost?
Median Sold Price
$518,567
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,784(+3.8%)
Key Takeaway
Homes in Sparks have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Sparks was $518,567 in November 2024, up 3.8% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.7K | $205K | +14.7% |
| 2 Bedrooms | $349.9K | $375K | +7.2% |
| 3 Bedrooms | $471.7K | $492.8K | +4.5% |
| 4 Bedrooms | $575K | $594.8K | +3.5% |
| 5+ Bedrooms | $685K | $675.5K | -1.4% |
Summary: Sparks housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.5K | $573.8K | +8.4% |
| Sparks | $499.7K | $518.5K | +3.8% |
| Warm Springs-Truckee Canyon | $548.8K | $569.5K | +3.8% |
| Reno North | $468.2K | $484.6K | +3.5% |
| Sun Valley | $404.9K | $414.6K | +2.4% |
Housing Supply in Sparks, NV
How many homes are available in Sparks, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 564 | 543 | -3.7% |
Summary: The Sparks real estate market had 543 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 90 | 96 | +6.7% |
| 3 Bedrooms | 264 | 244 | -7.6% |
| 4 Bedrooms | 160 | 155 | -3.1% |
| 5+ Bedrooms | 45 | 40 | -11.1% |
Summary: The Sparks housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 109 | -17.4% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparks, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Sparks in November 2024, down by 17.4% month-over-month. Of the 109 sold homes, 48% were sold under asking, 37% were sold at asking, and 16% were sold over asking.
Days on Market for Sparks, NV
How long does it take to sell a home in Sparks, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 85 Days | +19.9% |
Summary: Homes in Sparks had an average of 85 days on market in Nov 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sparks has remained consistent over time.
Summary: During November 2024, 109 homes were sold in Sparks; 6% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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