$215,000
9.88 Acres
Land
Penny Tenpenny, Listing Office: Keller Williams Group One Inc.
Is Warm Springs-Truckee Canyon, 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, Warm Springs-Truckee Canyon has remained a Seller's Market.
Key Takeaway
Warm Springs-Truckee Canyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warm Springs-Truckee Canyon, NV
How much do homes in Warm Springs-Truckee Canyon, NV cost?
Median Sold Price
$565,221
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,434(+2.8%)
Key Takeaway
Homes in Warm Springs-Truckee Canyon have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Warm Springs-Truckee Canyon was $565,221 in October 2024, up 2.8% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $446K | N/A |
| 2 Bedrooms | $422.2K | $475K | +12.5% |
| 3 Bedrooms | $509K | $525K | +3.1% |
| 4 Bedrooms | $591.2K | $620K | +4.9% |
| 5+ Bedrooms | $695K | $725K | +4.3% |
Summary: Warm Springs-Truckee Canyon 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 12.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Sparks | $496.2K | $519K | +4.6% |
| Sun Valley | $400K | $415K | +3.8% |
| Warm Springs-Truckee Canyon | $549.7K | $565.2K | +2.8% |
| North Valleys | $435K | $446.8K | +2.7% |
Housing Supply in Warm Springs-Truckee Canyon, NV
How many homes are available in Warm Springs-Truckee Canyon, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 380 | 392 | +3.2% |
Summary: The Warm Springs-Truckee Canyon real estate market had 392 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 193 | 191 | -1.0% |
| 4 Bedrooms | 117 | 133 | +13.7% |
| 5+ Bedrooms | 42 | 43 | +2.4% |
Summary: The Warm Springs-Truckee Canyon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 83 | -9.8% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warm Springs-Truckee Canyon, you may be able to get a good deal. 56.6% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Warm Springs-Truckee Canyon in October 2024, down by 9.8% month-over-month. Of the 83 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Warm Springs-Truckee Canyon, NV
How long does it take to sell a home in Warm Springs-Truckee Canyon, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 83 Days | +3.6% |
Summary: Homes in Warm Springs-Truckee Canyon had an average of 83 days on market in Oct 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Warm Springs-Truckee Canyon has remained consistent over time.
Summary: During October 2024, 83 homes were sold in Warm Springs-Truckee Canyon; 8% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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