$9,132 Closing Credit*
$769,000
2,809 SqFt
3 Beds
•2 Full Baths
M.C. Pierson, Listing Office: Dickson Realty - Caughlin
Is Reno Southwest, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Reno Southwest has remained a Seller's Market.
Key Takeaway
Reno Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reno Southwest, NV
How much do homes in Reno Southwest, NV cost?
Median Sold Price
$835,750
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$86,950(+11.6%)
Key Takeaway
Homes in Reno Southwest have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Reno Southwest was $835,750 in December 2024, up 11.6% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | $288.5K | +31.7% |
| 2 Bedrooms | $472K | $523.5K | +10.9% |
| 3 Bedrooms | $680K | $749.5K | +10.2% |
| 4 Bedrooms | $986.6K | $1.0M | +6.5% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.5% |
Summary: Reno Southwest housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Reno Southwest | $748.8K | $835.7K | +11.6% |
| Reno | $533.8K | $575K | +7.7% |
| Verdi | $735K | $780.5K | +6.2% |
| Reno North | $475K | $478.4K | +0.7% |
Housing Supply in Reno Southwest, NV
How many homes are available in Reno Southwest, NV?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 346 | 313 | -9.5% |
Summary: The Reno Southwest real estate market had 313 homes for sale in December 2024, a 9.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 52 | 45 | -13.5% |
| 3 Bedrooms | 110 | 100 | -9.1% |
| 4 Bedrooms | 119 | 107 | -10.1% |
| 5+ Bedrooms | 53 | 49 | -7.5% |
Summary: The Reno Southwest housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 7.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 61 | 62 | +1.6% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reno Southwest, you may be able to get a good deal. 66.1% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Reno Southwest in December 2024, up by 1.6% month-over-month. Of the 62 sold homes, 66% were sold under asking, 16% were sold at asking, and 18% were sold over asking.
Days on Market for Reno Southwest, NV
How long does it take to sell a home in Reno Southwest, NV?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 100 Days | 90 Days | -9.9% |
Summary: Homes in Reno Southwest had an average of 90 days on market in Dec 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reno Southwest has remained consistent over time.
Summary: During December 2024, 62 homes were sold in Reno Southwest; 15% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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