$10,000 Closing Credit*
$2,189,900
3,581 SqFt
3 Beds
•4 Full Baths, 1 Partial
John Wolf, Listing Office: Realty One Group Eminence
Is Washoe Valley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Washoe Valley was a Seller's Market.
Key Takeaway
Washoe Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Washoe Valley, NV
How much do homes in Washoe Valley, NV cost?
Median Sold Price
$1,075,000
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,500(+9.4%)
Key Takeaway
Homes in Washoe Valley have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Washoe Valley was $1,075,000 in October 2024, up 9.4% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $500K | -23.1% |
| 3 Bedrooms | $727.4K | $775K | +6.5% |
| 4 Bedrooms | $1.3M | $1.3M | 0.5% |
| 5+ Bedrooms | $1.6M | $1.7M | +2.7% |
Summary: Washoe Valley 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 decreased by 23.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Incline Village | $1.1M | $1.5M | +29.3% |
| Carson City | $464.4K | $513.1K | +10.5% |
| Reno Southwest | $748.1K | $820K | +9.6% |
| Washoe Valley | $982.5K | $1.0M | +9.4% |
| Reno Southeast | $539.6K | $589.5K | +9.2% |
Housing Supply in Washoe Valley, NV
How many homes are available in Washoe Valley, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 104 | +3.0% |
Summary: The Washoe Valley real estate market had 104 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 47 | 49 | +4.3% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Washoe Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washoe Valley, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Washoe Valley in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 128 Days | 105 Days | -17.8% |
Summary: Homes in Washoe Valley had an average of 105 days on market in Oct 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washoe Valley has remained consistent over time.
Summary: During October 2024, 16 homes were sold in Washoe Valley; 6% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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