$87,000
14.53 Acres
Land
Patricia Smith, Listing Office: LPT Realty, LLC
Is Virginia City, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Virginia City was a Neutral Market.
Key Takeaway
Virginia City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Virginia City, NV
How much do homes in Virginia City, NV cost?
Median Sold Price
$545,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$17,500(-3.1%)
Key Takeaway
Homes in Virginia City have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Virginia City was $545,000 in December 2024, down 3.1% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $377.4K | N/A |
| 2 Bedrooms | $440K | $510K | +15.9% |
| 3 Bedrooms | $544.5K | $488.8K | -10.2% |
| 4 Bedrooms | $618K | $582.5K | -5.7% |
| 5+ Bedrooms | $1.0M | $1.5M | +44.2% |
Summary: Virginia City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 44.2%.
Median Sold Price Compared To Nearby Cities
| Washoe Valley | $1.0M | $1.1M | +9.0% |
| Reno Southeast | $550.6K | $590.7K | +7.3% |
| Dayton | $437.5K | $450.8K | +3.0% |
| Virginia City | $562.5K | $545K | -3.1% |
Housing Supply in Virginia City, NV
How many homes are available in Virginia City, NV?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Virginia City real estate market had 23 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Virginia City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Virginia City, 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 Virginia City in December 2024, down by 66.7% 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 Virginia City, NV
How long does it take to sell a home in Virginia City, NV?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 76 Days | 38 Days | -50.3% |
Summary: Homes in Virginia City had an average of 38 days on market in Dec 2024, down by 50.3% 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 Virginia City has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Virginia City; 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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