Is Warm Springs-Truckee Canyon, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warm Springs-Truckee Canyon is a seller's market

Buyer's
Market

Difference Since November 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

$569,572

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,693(+3.8%)

Key Takeaway

Homes in Warm Springs-Truckee Canyon have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Warm Springs-Truckee Canyon was $569,572 in November 2024, up 3.8% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$446K
N/A
2 $424.7K$475K
+11.8%
3 $509K$525K
+3.1%
4 $591.6K$620K
+4.8%
5+ $725K$697.4K
-3.8%

Summary: Warm Springs-Truckee Canyon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Warm Springs-Truckee Canyon
+3.8%
Sparks
+3.8%
North Valleys
+3.2%
Sun Valley
+2.4%

Housing Supply in Warm Springs-Truckee Canyon, NV

How many homes are available in Warm Springs-Truckee Canyon, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
379372-1.8%

Summary: The Warm Springs-Truckee Canyon real estate market had 372 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2433
+37.5%
3 189175
-7.4%
4 125126
+0.8%
5+ 4138
-7.3%

Summary: The Warm Springs-Truckee Canyon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 7.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8766-24.1%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warm Springs-Truckee Canyon, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Warm Springs-Truckee Canyon in November 2024, down by 24.1% month-over-month. Of the 66 sold homes, 52% were sold under asking, 35% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
75 Days83 Days+11.5%

Summary: Homes in Warm Springs-Truckee Canyon had an average of 83 days on market in Nov 2024, up by 11.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Warm Springs-Truckee Canyon has remained consistent over time.

Summary: During November 2024, 66 homes were sold in Warm Springs-Truckee Canyon; 3% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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Newest Listings in Warm Springs-Truckee Canyon, NV

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MLS Disclaimers and Copyright

Based on information from Northern Nevada Regional MLS for the period 12/01/2022 - 12/01/2024

IDX Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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