Is Incline Village, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Incline Village was a Neutral Market.
Key Takeaway
Incline Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Incline Village, NV
How much do homes in Incline Village, NV cost?
Median Sold Price
$1,340,000
$773/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Incline Village have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Incline Village was $1,340,000 in April 2024, up 11.2% from last year, and the median price per square foot was $773.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $379K | $630K | +66.2% |
| 2 Bedrooms | $920.8K | $1.0M | +18.9% |
| 3 Bedrooms | $1.2M | $1.0M | -13.6% |
| 4 Bedrooms | $1.5M | $2.3M | +56.7% |
| 5+ Bedrooms | $3.8M | $4.4M | +15.6% |
Summary: Incline Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.2%, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 56.7%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Washoe Valley | $892.5K | $1.0M | +14.3% |
| Incline Village | $1.2M | $1.3M | +11.2% |
| Reno Southwest | $749.8K | $772.8K | +3.1% |
Housing Supply in Incline Village, NV
How many homes are available in Incline Village, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Incline Village real estate market had 49 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Incline Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Incline Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Incline Village in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Incline Village, NV
How long does it take to sell a home in Incline Village, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 172 Days | 118 Days | -31.0% |
Summary: Homes in Incline Village had an average of 118 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Incline Village has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Incline Village; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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