Is North Valleys, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Valleys has remained a Seller's Market.
Housing Prices in North Valleys, NV
How much do homes in North Valleys, NV cost?
Median Sold Price
$440,373
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Valleys was $440,373 in April 2024, down 0.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $182.5K | +10.6% |
2 Bedrooms | $360K | $338K | -6.1% |
3 Bedrooms | $420.3K | $430K | +2.3% |
4 Bedrooms | $499.7K | $488K | -2.4% |
5+ Bedrooms | $550K | $482K | -12.4% |
Summary: North Valleys housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
Reno | $536.8K | $547.9K | +2.1% |
Sun Valley | $405K | $410K | +1.2% |
North Valleys | $441.9K | $440.3K | -0.3% |
Reno North | $485K | $480K | -1.0% |
Housing Supply in North Valleys, NV
How many homes are available in North Valleys, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
224 | 244 | +8.9% |
Summary: The North Valleys real estate market had 244 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 6 | +200.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 110 | 120 | +9.1% |
4 Bedrooms | 83 | 90 | +8.4% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The North Valleys housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 69 | +40.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in North Valleys in April 2024, up by 40.8% month-over-month. Of the 69 sold homes, 33% were sold under asking, 39% were sold at asking, and 28% were sold over asking.
Days on Market for North Valleys, NV
How long does it take to sell a home in North Valleys, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 78 Days | -16.3% |
Summary: Homes in North Valleys had an average of 78 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 69 homes were sold in North Valleys; 6% of homes were sold within 30 days, 72% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.