Is Warm Springs-Truckee Canyon, 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, Warm Springs-Truckee Canyon has remained a Seller's Market.
Key Takeaway
Warm Springs-Truckee Canyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warm Springs-Truckee Canyon, NV
How much do homes in Warm Springs-Truckee Canyon, NV cost?
Median Sold Price
$555,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warm Springs-Truckee Canyon have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Warm Springs-Truckee Canyon was $555,000 in March 2024, down 1.7% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438K | - | N/A |
| 2 Bedrooms | $424K | $427.5K | +0.8% |
| 3 Bedrooms | $520.1K | $515.6K | -0.9% |
| 4 Bedrooms | $625K | $595K | -4.8% |
| 5+ Bedrooms | $675K | $729K | +8.0% |
Summary: Warm Springs-Truckee Canyon 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 0.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Sparks | $501.2K | $506K | +1.0% |
| Sun Valley | $410K | $405K | -1.2% |
| North Valleys | $445.2K | $439.6K | -1.3% |
| Warm Springs-Truckee Canyon | $564.7K | $555K | -1.7% |
Housing Supply in Warm Springs-Truckee Canyon, NV
How many homes are available in Warm Springs-Truckee Canyon, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 256 | 304 | +18.8% |
Summary: The Warm Springs-Truckee Canyon real estate market had 304 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 112 | 127 | +13.4% |
| 4 Bedrooms | 95 | 122 | +28.4% |
| 5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The Warm Springs-Truckee Canyon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 82 | +46.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warm Springs-Truckee Canyon, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Warm Springs-Truckee Canyon in March 2024, up by 46.4% month-over-month. Of the 82 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.
Days on Market for Warm Springs-Truckee Canyon, NV
How long does it take to sell a home in Warm Springs-Truckee Canyon, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 88 Days | -6.8% |
Summary: Homes in Warm Springs-Truckee Canyon had an average of 88 days on market in Mar 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Warm Springs-Truckee Canyon has remained consistent over time.
Summary: During March 2024, 82 homes were sold in Warm Springs-Truckee Canyon; 9% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.