$130,000
5.29 Acres
Land
Christy Nolting, Listing Office: Intero
Is Topaz Lake, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Topaz Lake was a Neutral Market.
Key Takeaway
Topaz Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Topaz Lake, NV
How much do homes in Topaz Lake, NV cost?
Median Sold Price
$750,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$240,000(+47.1%)
Key Takeaway
Homes in Topaz Lake have sold for 47.1% more than they did a year ago.
Summary: The median home sold price in Topaz Lake was $750,000 in October 2024, up 47.1% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | - | N/A |
| 2 Bedrooms | $357K | $362.5K | +1.5% |
| 3 Bedrooms | $530K | $757.5K | +42.9% |
| 4 Bedrooms | $320K | - | N/A |
| 5+ Bedrooms | $880.8K | $762.5K | -13.4% |
Summary: Topaz Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Topaz Lake | $510K | $750K | +47.1% |
| Gardnerville | $534.5K | $625K | +16.9% |
| Wellington | $540K | $561K | +3.9% |
| Pine Nut | $1.1M | $1.0M | -15.0% |
Housing Supply in Topaz Lake, NV
How many homes are available in Topaz Lake, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Topaz Lake real estate market had 10 homes for sale in October 2024, a 42.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Topaz Lake 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Topaz Lake, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Topaz Lake in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Topaz Lake, NV
How long does it take to sell a home in Topaz Lake, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 112 Days | 65 Days | -42.0% |
Summary: Homes in Topaz Lake had an average of 65 days on market in Oct 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Topaz Lake has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Topaz Lake; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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