New - 2 hours on Rocket
$10,000 Closing Credit¹
Thomas Myers III, Listing Office: Realty One Group Eminence
Reno Southwest Housing Market Report December 2024•Washoe County, Nevada
Housing Prices in Reno Southwest, NV
How much do homes in Reno Southwest, NV cost?
Housing Market Conditions
Is Reno Southwest, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Reno Southwest is a Seller's Market
Difference Since December 2023
Since last year, Reno Southwest has remained a Seller's Market.
Insight
Reno Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$835,750$373/SqFt
+$86,950
+11.6%
Based on all homes sold in the last 12 months
Insight
Homes in Reno Southwest have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Reno Southwest was $835,750 in December 2024, up 11.6% from last year, and the median price per square foot was $373.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Reno Southwest | $748.8K | $835.7K | +11.6% |
| Reno | $533.8K | $575K | +7.7% |
| Verdi | $735K | $780.5K | +6.2% |
| Reno North | $475K | $478.4K | +0.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $219K | $288.5K | +31.7% |
| 22 Bedrooms | $472K | $523.5K | +10.9% |
| 33 Bedrooms | $680K | $749.5K | +10.2% |
| 44 Bedrooms | $986.6K | $1.0M | +6.5% |
| 55+ Bedrooms | $1.4M | $1.4M | +2.5% |
Summary: Reno Southwest housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +31.7%. The home price for 2 bedroom homes increased by +10.9%. The home price for 3 bedroom homes increased by +10.2%. The home price for 4 bedroom homes increased by +6.5%. The home price for 5 bedroom homes increased by +2.5%.
Housing supply in Reno Southwest, NV
How many homes are available in Reno Southwest, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 313Last MonthDec 2024 | ||
| 3462 months agoNov 2024 | -9.5 % Change MoMNov – Dec |
Summary: The Reno Southwest real estate market had 313 homes for sale in Dec 2024, a 9.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 62Last MonthDec 2024 | ||
| 612 months agoNov 2024 | +1.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 12 | 12 | 0.0% |
| 22 Bedrooms | 52 | 45 | -13.5% |
| 33 Bedrooms | 110 | 100 | -9.1% |
| 44 Bedrooms | 119 | 107 | -10.1% |
| 55+ Bedrooms | 53 | 49 | -7.5% |
Summary: Reno Southwest housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -13.5%. The inventory for 3 bedroom homes decreased by -9.1%. The inventory for 4 bedroom homes decreased by -10.1%. The inventory for 5 bedroom homes decreased by -7.5%.
Asking Price vs. Sold Price
How much do homes in Reno Southwest, NV cost?
Over Asking Price11 Homes
At Asking Price10 Homes
Under Asking Price41 Homes
Insight
If you're buying a home in Reno Southwest, you may be able to get a good deal. 66.1% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Reno Southwest in December 2024, up by 1.6% month-over-month. Of the 62 sold homes, 66% were sold under asking, 16% were sold at asking, and and 18% were sold over asking.
Days on Market for Reno Southwest, NV
How long does it take to sell a home in Reno Southwest, NV?
Breakdown of Home Sale Times
Under 30 Days9 Homes
30 – 90 Days30 Homes
Over 90 Days23 Homes
Insight
Avg time on Rocket Homes in Reno Southwest has remained consistent over time.
Summary: During December 2024, 62 homes were sold in Reno Southwest; 15% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 90 DaysThis YearDec 2024 | ||
| 100 Days1 year agoDec 2023 | -9.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Reno Southwest had an average listing age of 90 days in Dec 2024, down by 9.9% compared to the previous year.
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Newest Listings in Reno Southwest, NV
What homes are available in Reno Southwest, NV?
New - 9 hours on Rocket
$10,000 Closing Credit¹
Patricia Ginocchio, Listing Office: Ferrari-Lund R.E. Sparks
New - 12 hours on Rocket
$6,709 Closing Credit¹
Bradley Petersen, Listing Office: Nevada LFW Inc.
New - 13 hours on Rocket
$10,000 Closing Credit¹
Tristan Lipschutz, Listing Office: Compass
New - 1 day on Rocket
$6,003 Closing Credit¹
Hope Lewis, Listing Office: Keller Williams Group One Inc.
New - 1 day on Rocket
$10,000 Closing Credit¹
Leslie Smith, Listing Office: Ferrari-Lund Real Estate Reno
New - 1 day on Rocket
$10,000 Closing Credit¹
Kevyn Klingler, Listing Office: Dickson Realty - Sparks
New - 1 day on Rocket
Nancy Fennell, Listing Office: Dickson Realty - Caughlin
New - 1 day on Rocket
Brooke Sullivan, Listing Office: Dickson Realty - Montreux
New - 2 days on Rocket
$10,000 Closing Credit¹
James Nava, Listing Office: Keller Williams Group One Inc.
New - 2 days on Rocket
$1,888 Closing Credit¹
Alex Lopez-Garcia, Listing Office: Miner Realty of Nevada LLC
New - 2 days on Rocket
$8,894 Closing Credit¹
Courtney Young, Listing Office: Dickson Realty - Caughlin
Nearby markets
Nearby markets aren't available for Reno Southwest, 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, 11:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.