New - 1 day on Rocket
$5,451 Closing Credit¹
Staci Nauman, Listing Office: RE/MAX Professionals-Sparks
North Valleys Housing Market Report December 2024•Washoe County, Nevada
Housing Prices in North Valleys, NV
How much do homes in North Valleys, NV cost?
Housing Market Conditions
Is North Valleys, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
North Valleys is a Seller's Market
Difference Since December 2023
Since last year, North Valleys has remained a Seller's Market.
Insight
North Valleys is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$447,625$272/SqFt
+$12,625
+2.9%
Based on all homes sold in the last 12 months
Insight
Homes in North Valleys have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in North Valleys was $447,625 in December 2024, up 2.9% from last year, and the median price per square foot was $272.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Reno | $533.8K | $575K | +7.7% |
| North Valleys | $435K | $447.6K | +2.9% |
| Reno North | $475K | $478.4K | +0.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $167.5K | $170K | +1.5% |
| 22 Bedrooms | $345K | $350K | +1.4% |
| 33 Bedrooms | $423K | $433.3K | +2.4% |
| 44 Bedrooms | $480K | $500K | +4.2% |
| 55+ Bedrooms | $517.5K | $546.5K | +5.6% |
Summary: North Valleys housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +1.5%. The home price for 2 bedroom homes increased by +1.4%. The home price for 3 bedroom homes increased by +2.4%. The home price for 4 bedroom homes increased by +4.2%. The home price for 5 bedroom homes increased by +5.6%.
Housing supply in North Valleys, NV
How many homes are available in North Valleys, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 246Last MonthDec 2024 | ||
| 2422 months agoNov 2024 | +1.7 % Change MoMNov – Dec |
Summary: The North Valleys real estate market had 246 homes for sale in Dec 2024, a 1.7 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 54Last MonthDec 2024 | ||
| 432 months agoNov 2024 | +25.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 3 | +50.0% |
| 22 Bedrooms | 32 | 32 | 0.0% |
| 33 Bedrooms | 110 | 107 | -2.7% |
| 44 Bedrooms | 80 | 87 | +8.8% |
| 55+ Bedrooms | 18 | 17 | -5.6% |
Summary: North Valleys housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -2.7%. The inventory for 4 bedroom homes increased by +8.8%. The inventory for 5 bedroom homes decreased by -5.6%.
Asking Price vs. Sold Price
How much do homes in North Valleys, NV cost?
Over Asking Price12 Homes
At Asking Price16 Homes
Under Asking Price26 Homes
Insight
If you're buying a home in North Valleys, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in North Valleys in December 2024, up by 25.6% month-over-month. Of the 54 sold homes, 48% were sold under asking, 30% were sold at asking, and and 22% were sold over asking.
Days on Market for North Valleys, NV
How long does it take to sell a home in North Valleys, NV?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days28 Homes
Over 90 Days24 Homes
Insight
Avg time on Rocket Homes in North Valleys has remained consistent over time.
Summary: During December 2024, 54 homes were sold in North Valleys; 4% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 114 DaysThis YearDec 2024 | ||
| 84 Days1 year agoDec 2023 | +35.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in North Valleys had an average listing age of 114 days in Dec 2024, up by 35.6% compared to the previous year.
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Newest Listings in North Valleys, NV
What homes are available in North Valleys, NV?
New - 1 day on Rocket
$6,469 Closing Credit¹
Jim Tench, Listing Office: Ferrari-Lund Real Estate Reno
New - 1 day on Rocket
Tom McDonald, Listing Office: Berkshire Hathaway HomeService
New - 1 day on Rocket
$6,757 Closing Credit¹
Amanda McNeely, Listing Office: Assist-2-Sell Buyers & Sellers
New - 1 day on Rocket
$3,717 Closing Credit¹
Felisa Cusimano-Martin, Listing Office: Dickson Realty - Sparks
New - 2 days on Rocket
$3,324 Closing Credit¹
William Process, Listing Office: RE/MAX Prime Properties
New - 2 days on Rocket
$5,106 Closing Credit¹
Lauren Tuey, Listing Office: Solid Source Realty
New - 2 days on Rocket
$5,284 Closing Credit¹
Wesley Pittman, Listing Office: TrueNest Properties
New - 3 days on Rocket
Jonathan Poole, Listing Office: Real Broker LLC
New - 3 days on Rocket
$6,329 Closing Credit¹
Jordan Page, Listing Office: D.R. Horton
New - 3 days on Rocket
$5,522 Closing Credit¹
Theresa Thomson, Listing Office: Sierra Nevada Properties-Reno
New - 6 days on Rocket
$3,443 Closing Credit¹
Jared English, Listing Office: Congress Realty, INC.
Nearby markets
Nearby markets aren't available for North Valleys, NV
Popular Cities with Homes for Sale in Nevada
MLS Disclaimers and Copyright
Based on information from Northern Nevada Regional MLS, for the period 01/01/2023 - 01/01/2025
Copyright © 2025 Northern Nevada Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:56:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.