$2,256 Closing Credit*
$190,000
696 SqFt
1 Bed
•1 Full Bath
Robert Hughes, Listing Office: PMI Reno
Is Sun Valley, 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, Sun Valley has remained a Seller's Market.
Key Takeaway
Sun Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sun Valley, NV
How much do homes in Sun Valley, NV cost?
Median Sold Price
$414,690
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,700(+2.4%)
Key Takeaway
Homes in Sun Valley have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Sun Valley was $414,690 in November 2024, up 2.4% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $169.2K | -6.5% |
| 2 Bedrooms | $250K | $215K | -14.0% |
| 3 Bedrooms | $405K | $425K | +4.9% |
| 4 Bedrooms | $439.5K | $475K | +8.1% |
| 5+ Bedrooms | $528.5K | $464.9K | -12.0% |
Summary: Sun Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Reno | $529.5K | $573.8K | +8.4% |
| Sparks | $499.7K | $518.5K | +3.8% |
| Reno North | $468.2K | $484.6K | +3.5% |
| North Valleys | $435K | $448.8K | +3.2% |
| Sun Valley | $404.9K | $414.6K | +2.4% |
Housing Supply in Sun Valley, NV
How many homes are available in Sun Valley, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Sun Valley real estate market had 30 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sun Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sun Valley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Sun Valley in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Sun Valley, NV
How long does it take to sell a home in Sun Valley, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 79 Days | +33.4% |
Summary: Homes in Sun Valley had an average of 79 days on market in Nov 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sun Valley has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Sun Valley; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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