$10,000 Closing Credit*
$1,125,000
4,022 SqFt
5 Beds
•4 Full Baths
Cristy Silverman, Listing Office: Keller Williams Group One Inc.
Is Washoe County, 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, Washoe County has remained a Seller's Market.
Key Takeaway
Washoe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washoe County, NV
How much do homes in Washoe County, NV cost?
Median Sold Price
$549,472
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,611(+6.3%)
Key Takeaway
Homes in Washoe County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Washoe County was $549,472 in October 2024, up 6.3% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $216K | +2.9% |
| 2 Bedrooms | $386.8K | $405K | +4.7% |
| 3 Bedrooms | $495.7K | $518.8K | +4.7% |
| 4 Bedrooms | $617.2K | $649.9K | +5.3% |
| 5+ Bedrooms | $800K | $918K | +14.8% |
Summary: Washoe County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Counties
| Washoe County | $516.8K | $549.4K | +6.3% |
| Lyon County | $385.8K | $399.9K | +3.7% |
Housing Supply in Washoe County, NV
How many homes are available in Washoe County, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,214 | 2,281 | +3.0% |
Summary: The Washoe County real estate market had 2,281 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 84 | 89 | +6.0% |
| 2 Bedrooms | 388 | 412 | +6.2% |
| 3 Bedrooms | 906 | 896 | -1.1% |
| 4 Bedrooms | 624 | 667 | +6.9% |
| 5+ Bedrooms | 212 | 217 | +2.4% |
Summary: The Washoe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 472 | 460 | -2.5% |
Asking Price vs. Sold Price
251 Homes Were Sold
Under Asking
133 Homes Were Sold
At Asking
76 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washoe County, you may be able to get a good deal. 54.6% of homes here sold below asking price last month.
Summary: A total of 460 homes were sold or pending in Washoe County in October 2024, down by 2.5% month-over-month. Of the 460 sold homes, 55% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for Washoe County, NV
How long does it take to sell a home in Washoe County, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 80 Days | +6.7% |
Summary: Homes in Washoe County had an average of 80 days on market in Oct 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
269 Homes Were Sold
In 30 - 90 Days
151 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washoe County has remained consistent over time.
Summary: During October 2024, 460 homes were sold in Washoe County; 9% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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