Is Warm Springs-Truckee Canyon, 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, Warm Springs-Truckee Canyon has remained a Seller's Market.
Key Takeaway
Warm Springs-Truckee Canyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warm Springs-Truckee Canyon, NV
How much do homes in Warm Springs-Truckee Canyon, NV cost?
Median Sold Price
$559,950
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Warm Springs-Truckee Canyon has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438K | - | N/A |
| 2 Bedrooms | $424.7K | $425K | 0.1% |
| 3 Bedrooms | $512.2K | $519.9K | +1.5% |
| 4 Bedrooms | $615K | $600K | -2.4% |
| 5+ Bedrooms | $675K | $750K | +11.1% |
Summary: Warm Springs-Truckee Canyon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Sparks | $499.9K | $508.8K | +1.8% |
| Sun Valley | $405K | $410K | +1.2% |
| Warm Springs-Truckee Canyon | $559.9K | $559.9K | 0% |
| North Valleys | $441.9K | $440.3K | -0.3% |
Housing Supply in Warm Springs-Truckee Canyon, NV
How many homes are available in Warm Springs-Truckee Canyon, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 295 | 314 | +6.4% |
Summary: The Warm Springs-Truckee Canyon real estate market had 314 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 123 | 146 | +18.7% |
| 4 Bedrooms | 119 | 113 | -5.0% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The Warm Springs-Truckee Canyon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 | 89 | +4.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warm Springs-Truckee Canyon, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Warm Springs-Truckee Canyon in April 2024, up by 4.7% month-over-month. Of the 89 sold homes, 49% were sold under asking, 34% were sold at asking, and 17% were sold over asking.
Days on Market for Warm Springs-Truckee Canyon, NV
How long does it take to sell a home in Warm Springs-Truckee Canyon, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 89 Days | 78 Days | -13.0% |
Summary: Homes in Warm Springs-Truckee Canyon had an average of 78 days on market in Apr 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Warm Springs-Truckee Canyon has remained consistent over time.
Summary: During April 2024, 89 homes were sold in Warm Springs-Truckee Canyon; 16% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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