$5,047 Closing Credit*
$425,000
1,365 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sandra Peterson, Listing Office: Redfin
Is Sun Valley, 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, 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
$415,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.8%)
Key Takeaway
Homes in Sun Valley have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Sun Valley was $415,000 in October 2024, up 3.8% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $169.5K | -8.4% |
| 2 Bedrooms | $250K | $215K | -14.0% |
| 3 Bedrooms | $404.9K | $425K | +4.9% |
| 4 Bedrooms | $439.5K | $455K | +3.5% |
| 5+ Bedrooms | $560K | $498K | -11.1% |
Summary: Sun Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 11.1%.
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% |
| North Valleys | $435K | $446.8K | +2.7% |
| Reno North | $475K | $482.8K | +1.7% |
Housing Supply in Sun Valley, NV
How many homes are available in Sun Valley, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Summary: The Sun Valley real estate market had 36 homes for sale in October 2024, a 16.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Sun Valley 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 increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sun Valley, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Sun Valley in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 10% were sold under asking, 60% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 59 Days | +16.3% |
Summary: Homes in Sun Valley had an average of 59 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
9 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 October 2024, 10 homes were sold in Sun Valley; 0% of homes were sold within 30 days, 90% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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