Is Reno North, 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 North has remained a Seller's Market.
Key Takeaway
Reno North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reno North, NV
How much do homes in Reno North, NV cost?
Median Sold Price
$480,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Reno North have sold for 1% less than they did a year ago.
Summary: The median home sold price in Reno North was $480,000 in April 2024, down 1% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $240K | 0.0% |
| 2 Bedrooms | $340K | $340K | 0.0% |
| 3 Bedrooms | $506K | $485K | -4.2% |
| 4 Bedrooms | $568.5K | $585K | +2.9% |
| 5+ Bedrooms | $702.5K | $645K | -8.2% |
Summary: Reno North 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 did not change, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Reno | $536.8K | $547.9K | +2.1% |
| Sparks | $499.9K | $508.8K | +1.8% |
| Sun Valley | $405K | $410K | +1.2% |
| Verdi | $740K | $737.5K | -0.3% |
| Reno North | $485K | $480K | -1.0% |
Housing Supply in Reno North, NV
How many homes are available in Reno North, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 192 | 239 | +24.5% |
Summary: The Reno North real estate market had 239 homes for sale in April 2024, a 24.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 29 | +16.0% |
| 2 Bedrooms | 57 | 67 | +17.5% |
| 3 Bedrooms | 69 | 86 | +24.6% |
| 4 Bedrooms | 33 | 47 | +42.4% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Reno North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 59 | +34.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reno North, you may be able to get a good deal. 37.3% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Reno North in April 2024, up by 34.1% month-over-month. Of the 59 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for Reno North, NV
How long does it take to sell a home in Reno North, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 92 Days | 66 Days | -27.9% |
Summary: Homes in Reno North had an average of 66 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reno North has remained consistent over time.
Summary: During April 2024, 59 homes were sold in Reno North; 17% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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