$3,859 Closing Credit*
$325,000
1,059 SqFt
2 Beds
•1 Full Bath, 1 Partial
Mary Avalos, 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 November 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
$550,039
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,069(+5.8%)
Key Takeaway
Homes in Washoe County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Washoe County was $550,039 in November 2024, up 5.8% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $217K | +3.3% |
| 2 Bedrooms | $390K | $409.6K | +5.0% |
| 3 Bedrooms | $495.6K | $519.9K | +4.9% |
| 4 Bedrooms | $621.1K | $649.9K | +4.6% |
| 5+ Bedrooms | $830K | $900K | +8.4% |
Summary: Washoe County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Counties
| Washoe County | $519.9K | $550K | +5.8% |
| Lyon County | $383.9K | $400K | +4.2% |
Housing Supply in Washoe County, NV
How many homes are available in Washoe County, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,193 | 2,103 | -4.1% |
Summary: The Washoe County real estate market had 2,103 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 86 | 89 | +3.5% |
| 2 Bedrooms | 392 | 408 | +4.1% |
| 3 Bedrooms | 879 | 811 | -7.7% |
| 4 Bedrooms | 631 | 599 | -5.1% |
| 5+ Bedrooms | 205 | 196 | -4.4% |
Summary: The Washoe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 4.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 489 | 370 | -24.3% |
Asking Price vs. Sold Price
198 Homes Were Sold
Under Asking
110 Homes Were Sold
At Asking
62 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. 53.5% of homes here sold below asking price last month.
Summary: A total of 370 homes were sold or pending in Washoe County in November 2024, down by 24.3% month-over-month. Of the 370 sold homes, 54% were sold under asking, 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 91 Days | +20.7% |
Summary: Homes in Washoe County had an average of 91 days on market in Nov 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
202 Homes Were Sold
In 30 - 90 Days
138 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washoe County has remained consistent over time.
Summary: During November 2024, 370 homes were sold in Washoe County; 8% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.