Is Sun Valley, 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, Sun Valley has remained a Seller's Market.
Key Takeaway
Sun Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sun Valley, NV
How much do homes in Sun Valley, NV cost?
Median Sold Price
$405,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sun Valley have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Sun Valley was $405,000 in March 2024, down 1.2% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $181K | -7.2% |
| 2 Bedrooms | $276K | $249.5K | -9.6% |
| 3 Bedrooms | $402K | $407K | +1.2% |
| 4 Bedrooms | $489.9K | $439K | -10.4% |
| 5+ Bedrooms | $529.9K | $528.5K | -0.3% |
Summary: Sun Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Sparks | $501.2K | $506K | +1.0% |
| 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 Sun Valley, NV
How many homes are available in Sun Valley, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Sun Valley real estate market had 27 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sun Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sun Valley, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sun Valley in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Sun Valley, NV
How long does it take to sell a home in Sun Valley, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 143 Days | +106.7% |
Summary: Homes in Sun Valley had an average of 143 days on market in Mar 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sun Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Sun Valley; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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