Is Reno Southeast, 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, Reno Southeast has remained a Seller's Market.
Housing Prices in Reno Southeast, NV
How much do homes in Reno Southeast, NV cost?
Median Sold Price
$564,850
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reno Southeast was $564,850 in April 2024, up 1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209.7K | $205K | -2.3% |
2 Bedrooms | $369K | $410K | +11.1% |
3 Bedrooms | $563K | $589K | +4.6% |
4 Bedrooms | $681.5K | $710K | +4.2% |
5+ Bedrooms | $809K | $860K | +6.3% |
Summary: Reno Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Washoe Valley | $892.5K | $1.0M | +14.3% |
Reno | $536.8K | $547.9K | +2.1% |
Sparks | $499.9K | $508.8K | +1.8% |
Reno Southeast | $559K | $564.8K | +1.0% |
Reno North | $485K | $480K | -1.0% |
Housing Supply in Reno Southeast, NV
How many homes are available in Reno Southeast, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
200 | 245 | +22.5% |
Summary: The Reno Southeast real estate market had 245 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 57 | 62 | +8.8% |
3 Bedrooms | 78 | 92 | +17.9% |
4 Bedrooms | 40 | 57 | +42.5% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Reno Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 56 | +1.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Reno Southeast in April 2024, up by 1.8% month-over-month. Of the 56 sold homes, 34% were sold under asking, 39% were sold at asking, and 27% were sold over asking.
Days on Market for Reno Southeast, NV
How long does it take to sell a home in Reno Southeast, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 54 Days | -33.4% |
Summary: Homes in Reno Southeast had an average of 54 days on market in Apr 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Reno Southeast; 18% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.