Washoe County, NV Home Values & Market Trends
The median home price in Washoe County, NV is $530,872.29. There were 8,295 home sales in Washoe County, NV over the past 12 months. The median residential Washoe County, NV home value for transactions over the previous year is $487,954.473. The number of current listings in Washoe County, NV is 637, and the percentage of properties for sale is 637.00%. The county has 136 foreclosures, 2 bank owned properties, 56 headed for auction, and 637 properties for sale.
Washoe County, NV Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Reno | $ 616,251 $ 332/sqft | Nixon | $ -- $ -- |
Sparks | $ 547,000 $ 280/sqft | Gerlach | $ -- $ -- |
Incline Village | $ 1,690,932 $ 855/sqft | Wadsworth | $ -- $ -- |
Sun Valley | $ 449,386 $ 271/sqft | Empire | $ -- $ -- |
Washoe Valley | $ 2,033,219 $ 565/sqft | 897hw | $ -- $ -- |
Verdi | $ 750,340 $ 292/sqft |
Housing Market Summary for Washoe County, NV
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $656K | $539K | -17.84% |
Median Sold Price | $548.2K | $539K | -1.68% |
Homes For Sale | 628 | 551 | -12.26% |
Homes Sold | 5,354 | 5,254 | -1.87% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Washoe County, NV
Washoe County, NV home values range from $43,473 to $104,807,091. Incline Village is the priciest city with a median listing home price of $1,847,500, and Sun Valley is most affordable with average house prices of around $369,450.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Washoe County, NV with Reno containing 45 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 11 cities within Washoe County, NV; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,390,516 in Incline Village to the lowest home value of $255,643 in Reno.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Washoe County, NV ranges from the highest value of $1,100,000 in Reno to the lowest value of $330,409 in Reno. Bank owned homes and properties account for 0.00% of properties in Washoe County, NV. There are 11 cities within Washoe County, NV; Reno containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsReno has 34 auction properties, the highest number of properties going to auction in a single city in the state of Washoe County, NV. Auction homes and other auction properties account for 0.04% of all properties in Washoe County, NV. There are 11 cities within Washoe County, NV; of those cities, the median estimated home value for homes going to auction ranges from $1,756,336 in Verdi to the lowest value of $265,071 in Verdi.
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Guide for Washoe County, NV
Reno’s real estate market shows shifting trends for property values and average sale prices, with notable discrepancies in listing volumes and properties sold, suggesting a fluid market for potential investors.
The Reno real estate market exhibits fluctuating trends, with an overall annual increase in property values, especially in value per square foot. Other cities present diverse price trends, and foreclosure data outlines consistency in distressed property values. Current listing prices, higher than recent transaction values, indicate potential growth expectations.
Henderson’s real estate market, from March 2023 to February 2024, demonstrates adjusting property values, consistent demand, and the significance of when to list or sell properties.
Las Vegas saw a decrease in average property values and a stable per square foot value, suggesting a nuanced and evolving investment landscape in 2023.