$6,531 Closing Credit*
$550,000
1,493 SqFt
2 Beds
•2 Full Baths
Lisa Taitel, Listing Office: Solid Source Realty
Is Sparks, 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, 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
$519,095
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,874(+4.6%)
Key Takeaway
Homes in Sparks have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Sparks was $519,095 in October 2024, up 4.6% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $201K | +11.7% |
| 2 Bedrooms | $341.5K | $376K | +10.1% |
| 3 Bedrooms | $470K | $493.9K | +5.1% |
| 4 Bedrooms | $574.9K | $589.9K | +2.6% |
| 5+ Bedrooms | $677K | $685K | +1.2% |
Summary: Sparks housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.2K | $570.6K | +7.8% |
| Sparks | $496.2K | $519K | +4.6% |
| Sun Valley | $400K | $415K | +3.8% |
| Warm Springs-Truckee Canyon | $549.7K | $565.2K | +2.8% |
| Reno North | $475K | $482.8K | +1.7% |
Housing Supply in Sparks, NV
How many homes are available in Sparks, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 543 | 579 | +6.6% |
Summary: The Sparks real estate market had 579 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 82 | 91 | +11.0% |
| 3 Bedrooms | 266 | 267 | 0.4% |
| 4 Bedrooms | 146 | 169 | +15.8% |
| 5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Sparks housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparks, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Sparks in October 2024, up by 3.3% month-over-month. Of the 124 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 78 Days | +8.6% |
Summary: Homes in Sparks had an average of 78 days on market in Oct 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sparks has remained consistent over time.
Summary: During October 2024, 124 homes were sold in Sparks; 8% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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