Is Sparks, 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, Sparks has remained a Seller's Market.
Key Takeaway
Sparks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparks, NV
How much do homes in Sparks, NV cost?
Median Sold Price
$508,838
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sparks have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Sparks was $508,838 in April 2024, up 1.8% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.9K | $200K | -1.9% |
| 2 Bedrooms | $345.1K | $350K | +1.4% |
| 3 Bedrooms | $482.5K | $480.4K | -0.4% |
| 4 Bedrooms | $582.9K | $575K | -1.4% |
| 5+ Bedrooms | $667K | $697.2K | +4.5% |
Summary: Sparks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4.5%.
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% |
| Warm Springs-Truckee Canyon | $559.9K | $559.9K | 0% |
| Reno North | $485K | $480K | -1.0% |
Housing Supply in Sparks, NV
How many homes are available in Sparks, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 426 | 451 | +5.9% |
Summary: The Sparks real estate market had 451 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 65 | 70 | +7.7% |
| 3 Bedrooms | 184 | 209 | +13.6% |
| 4 Bedrooms | 139 | 133 | -4.3% |
| 5+ Bedrooms | 33 | 36 | +9.1% |
Summary: The Sparks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 129 | +4.0% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparks, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 129 homes were sold or pending in Sparks in April 2024, up by 4.0% month-over-month. Of the 129 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Sparks, NV
How long does it take to sell a home in Sparks, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 71 Days | -13.9% |
Summary: Homes in Sparks had an average of 71 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sparks has remained consistent over time.
Summary: During April 2024, 129 homes were sold in Sparks; 16% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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