Is Washoe Valley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Washoe Valley was a Seller's Market.
Key Takeaway
Washoe Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Washoe Valley, NV
How much do homes in Washoe Valley, NV cost?
Median Sold Price
$1,075,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Washoe Valley have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Washoe Valley was $1,075,000 in March 2024, up 20.8% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $655K | $624.4K | -4.7% |
| 3 Bedrooms | $680K | $730K | +7.4% |
| 4 Bedrooms | $1.3M | $1.3M | -0.4% |
| 5+ Bedrooms | $1.8M | $1.6M | -8.6% |
Summary: Washoe Valley 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 decreased by 4.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Washoe Valley | $890K | $1.0M | +20.8% |
| Reno Southwest | $742.7K | $769.6K | +3.6% |
| Incline Village | $1.2M | $1.3M | +3.4% |
| Carson City | $464.9K | $471.3K | +1.4% |
| Reno Southeast | $572.7K | $559.2K | -2.4% |
Housing Supply in Washoe Valley, NV
How many homes are available in Washoe Valley, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 68 | -1.4% |
Summary: The Washoe Valley real estate market had 68 homes for sale in March 2024, a 1.4% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Washoe 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 decreased by 50%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washoe Valley, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Washoe Valley in March 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Washoe Valley, NV
How long does it take to sell a home in Washoe Valley, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 172 Days | 202 Days | +17.2% |
Summary: Homes in Washoe Valley had an average of 202 days on market in Mar 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Washoe Valley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in Washoe Valley; 10% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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