Is Washoe County, 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, Washoe County has remained a Seller's Market.
Housing Prices in Washoe County, NV
How much do homes in Washoe County, NV cost?
Median Sold Price
$530,350
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washoe County was $530,350 in April 2024, up 1.2% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $217K | -1.4% |
2 Bedrooms | $386.7K | $399.9K | +3.4% |
3 Bedrooms | $499.9K | $506.7K | +1.3% |
4 Bedrooms | $626.7K | $633.3K | +1.0% |
5+ Bedrooms | $817.5K | $847.5K | +3.7% |
Summary: Washoe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Counties
Washoe County | $523.8K | $530.3K | +1.2% |
Lyon County | $401.2K | $389.3K | -3.0% |
Housing Supply in Washoe County, NV
How many homes are available in Washoe County, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,559 | 1,773 | +13.7% |
Summary: The Washoe County real estate market had 1,773 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 58 | 72 | +24.1% |
2 Bedrooms | 257 | 285 | +10.9% |
3 Bedrooms | 654 | 747 | +14.2% |
4 Bedrooms | 450 | 503 | +11.8% |
5+ Bedrooms | 140 | 166 | +18.6% |
Summary: The Washoe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
377 | 419 | +11.1% |
Asking Price vs. Sold Price
176 Homes Were Sold
Under Asking
133 Homes Were Sold
At Asking
110 Homes Were Sold
Over Asking
Summary: A total of 419 homes were sold or pending in Washoe County in April 2024, up by 11.1% month-over-month. Of the 419 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Washoe County, NV
How long does it take to sell a home in Washoe County, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 74 Days | -18.9% |
Summary: Homes in Washoe County had an average of 74 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
266 Homes Were Sold
In 30 - 90 Days
93 Homes Were Sold
Over 90 Days
Summary: During April 2024, 419 homes were sold in Washoe County; 14% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.