Is Verdi, 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, Verdi has remained a Seller's Market.
Key Takeaway
Verdi is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Verdi, NV
How much do homes in Verdi, NV cost?
Median Sold Price
$737,500
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Verdi has remained the same since last year.
Summary: The median home sold price in Verdi was $737,500 in April 2024, down 0.3% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $490K | -3.9% |
| 2 Bedrooms | $615K | $564K | -8.3% |
| 3 Bedrooms | $750K | $785K | +4.7% |
| 4 Bedrooms | $865K | $781.5K | -9.7% |
| 5+ Bedrooms | $1.1M | $1.2M | +11.6% |
Summary: Verdi housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Reno Southwest | $749.8K | $772.8K | +3.1% |
| Reno | $536.8K | $547.9K | +2.1% |
| Verdi | $740K | $737.5K | -0.3% |
| Reno North | $485K | $480K | -1.0% |
Housing Supply in Verdi, NV
How many homes are available in Verdi, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 82 | +24.2% |
Summary: The Verdi real estate market had 82 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 19 | 26 | +36.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Verdi housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Verdi, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Verdi in April 2024, up by 166.7% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Verdi, NV
How long does it take to sell a home in Verdi, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 129 Days | 90 Days | -29.8% |
Summary: Homes in Verdi had an average of 90 days on market in Apr 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Verdi has remained consistent over time.
Summary: During April 2024, 16 homes were sold in Verdi; 25% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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