Is North Valleys, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$439,611
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Valleys have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in North Valleys was $439,611 in March 2024, down 1.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.5K | $182.5K | +4.6% |
| 2 Bedrooms | $359.5K | $340K | -5.4% |
| 3 Bedrooms | $428K | $429.9K | 0.4% |
| 4 Bedrooms | $499.9K | $480.6K | -3.9% |
| 5+ Bedrooms | $550K | $475K | -13.6% |
Summary: North Valleys housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Reno | $540.2K | $543K | 0.5% |
| Sun Valley | $410K | $405K | -1.2% |
| North Valleys | $445.2K | $439.6K | -1.3% |
| Reno North | $495K | $475K | -4.0% |
Housing Supply in North Valleys, NV
How many homes are available in North Valleys, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 213 | 223 | +4.7% |
Summary: The North Valleys real estate market had 223 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 109 | 107 | -1.8% |
| 4 Bedrooms | 76 | 84 | +10.5% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The North Valleys housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 48 | -18.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Valleys, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in North Valleys in March 2024, down by 18.6% month-over-month. Of the 48 sold homes, 46% were sold under asking, 44% were sold at asking, and 10% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 91 Days | +3.5% |
Summary: Homes in North Valleys had an average of 91 days on market in Mar 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Valleys has remained consistent over time.
Summary: During March 2024, 48 homes were sold in North Valleys; 15% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 40% 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.