Is Virginia City, 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, Virginia City has remained a Seller's Market.
Key Takeaway
Virginia City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virginia City, NV
How much do homes in Virginia City, NV cost?
Median Sold Price
$535,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Virginia City have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Virginia City was $535,000 in March 2024, down 14.4% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $367.5K | $471.5K | +28.3% |
| 3 Bedrooms | $603.5K | $520K | -13.8% |
| 4 Bedrooms | $762.4K | $567.5K | -25.6% |
| 5+ Bedrooms | $887K | $1.0M | +17.2% |
Summary: Virginia City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Washoe Valley | $890K | $1.0M | +20.8% |
| Dayton | $449K | $449.6K | 0.1% |
| Reno Southeast | $572.7K | $559.2K | -2.4% |
| Virginia City | $625K | $535K | -14.4% |
Housing Supply in Virginia City, NV
How many homes are available in Virginia City, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Virginia City real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Virginia City 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virginia City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Virginia City in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Virginia City, NV
How long does it take to sell a home in Virginia City, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 143 Days | 173 Days | +20.9% |
Summary: Homes in Virginia City had an average of 173 days on market in Mar 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Virginia City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Virginia City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.