$37,900
1.00 Acres
Land
Anita Spencer, Listing Office: RE/MAX Professionals-Sparks
Is Virginia City, 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, Virginia City was a Buyer's Market.
Key Takeaway
Virginia City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virginia City, NV
How much do homes in Virginia City, NV cost?
Median Sold Price
$547,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.3%)
Key Takeaway
The sold price of homes in Virginia City has remained the same since last year.
Summary: The median home sold price in Virginia City was $547,500 in October 2024, down 0.3% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $377.4K | N/A |
| 2 Bedrooms | $467.5K | $510K | +9.1% |
| 3 Bedrooms | $527.5K | $492.5K | -6.6% |
| 4 Bedrooms | $637K | $565K | -11.3% |
| 5+ Bedrooms | $1.1M | $1.5M | +31.0% |
Summary: Virginia City 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 9.1%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Cities
| Washoe Valley | $982.5K | $1.0M | +9.4% |
| Reno Southeast | $539.6K | $589.5K | +9.2% |
| Dayton | $437.2K | $450K | +2.9% |
| Virginia City | $549K | $547.5K | -0.3% |
Housing Supply in Virginia City, NV
How many homes are available in Virginia City, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 29 | -21.6% |
Summary: The Virginia City real estate market had 29 homes for sale in October 2024, a 21.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Virginia City 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 decreased by 40%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virginia City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Virginia City in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Virginia City, NV
How long does it take to sell a home in Virginia City, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 85 Days | +21.4% |
Summary: Homes in Virginia City had an average of 85 days on market in Oct 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Virginia City has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Virginia City; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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