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.
Key Takeaway
North Valleys is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
The sold price of homes in North Valleys has remained the same since last year.
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
Key Takeaway
If you're buying a home in North Valleys, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
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
Key Takeaway
Avg time on Rocket Homes in North Valleys has remained consistent over time.
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.
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Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.