Is Washoe County, 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, Washoe County has remained a Seller's Market.
Key Takeaway
Washoe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washoe County, NV
How much do homes in Washoe County, NV cost?
Median Sold Price
$529,587
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Washoe County has remained the same since last year.
Summary: The median home sold price in Washoe County was $529,587 in March 2024, up 0.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $217K | -3.6% |
| 2 Bedrooms | $389.9K | $395K | +1.3% |
| 3 Bedrooms | $508.9K | $505K | -0.8% |
| 4 Bedrooms | $635K | $630K | -0.8% |
| 5+ Bedrooms | $813.6K | $837.5K | +2.9% |
Summary: Washoe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Counties
| Washoe County | $528.7K | $529.5K | 0.1% |
| Lyon County | $404.8K | $389.2K | -3.8% |
Housing Supply in Washoe County, NV
How many homes are available in Washoe County, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,437 | 1,584 | +10.2% |
Summary: The Washoe County real estate market had 1,584 homes for sale in March 2024, a 10.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 49 | 63 | +28.6% |
| 2 Bedrooms | 246 | 262 | +6.5% |
| 3 Bedrooms | 592 | 660 | +11.5% |
| 4 Bedrooms | 421 | 458 | +8.8% |
| 5+ Bedrooms | 129 | 141 | +9.3% |
Summary: The Washoe County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 355 | 357 | +0.6% |
Asking Price vs. Sold Price
198 Homes Were Sold
Under Asking
90 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washoe County, you may be able to get a good deal. 55.5% of homes here sold below asking price last month.
Summary: A total of 357 homes were sold or pending in Washoe County in March 2024, up by 0.6% month-over-month. Of the 357 sold homes, 55% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for Washoe County, NV
How long does it take to sell a home in Washoe County, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 99 Days | 92 Days | -6.9% |
Summary: Homes in Washoe County had an average of 92 days on market in Mar 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
191 Homes Were Sold
In 30 - 90 Days
123 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Washoe County has remained consistent over time.
Summary: During March 2024, 357 homes were sold in Washoe County; 12% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 34% 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.