$9,263 Closing Credit*
$780,000
1,770 SqFt
3 Beds
•2 Full Baths
Chad Mena, Listing Office: Dickson Realty - Caughlin
Is Washoe Valley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Washoe Valley was a Seller's Market.
Key Takeaway
Washoe Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Washoe Valley, NV
How much do homes in Washoe Valley, NV cost?
Median Sold Price
$1,150,000
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$150,000(+15.0%)
Key Takeaway
Homes in Washoe Valley have sold for 15% more than they did a year ago.
Summary: The median home sold price in Washoe Valley was $1,150,000 in November 2024, up 15% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $500K | -23.1% |
| 3 Bedrooms | $729.9K | $775K | +6.2% |
| 4 Bedrooms | $1.3M | $1.4M | +11.5% |
| 5+ Bedrooms | $1.6M | $1.7M | +2.1% |
Summary: Washoe Valley 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 decreased by 23.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Incline Village | $1.2M | $1.5M | +29.2% |
| Washoe Valley | $1.0M | $1.1M | +15.0% |
| Carson City | $465K | $512.7K | +10.3% |
| Reno Southwest | $749.7K | $818.8K | +9.2% |
| Reno Southeast | $544.2K | $590K | +8.4% |
Housing Supply in Washoe Valley, NV
How many homes are available in Washoe Valley, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 98 | -3.0% |
Summary: The Washoe Valley real estate market had 98 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 48 | 45 | -6.3% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Washoe Valley 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 remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Washoe Valley, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Washoe Valley in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Washoe Valley, NV
How long does it take to sell a home in Washoe Valley, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 155 Days | +86.4% |
Summary: Homes in Washoe Valley had an average of 155 days on market in Nov 2024, up by 86.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Washoe Valley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in Washoe Valley; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.
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