Earlier this week the Reno Gazette-Journal reported that “The median sales price for an existing single-family home in the city of Reno — not including Sparks — was a record $500,000 in December”. See The median price for an existing home in the city of Reno just hit half a million dollars
For comparison let’s take a look at December’s median sales price for other areas across Northern Nevada. The table below shows December’s median home sales prices; month-over-month percent change; year-over-year percent change; and number of homes sold. [Note: Click on the column headers to sort by that column.]
Though many markets’ December’s median sales prices were off from November’s, all markets saw substantial year-over-year gains. Reno, NV (not including Sparks) exhibited the greatest year-over-year increase in 2020 — coming in with a 23.5 percent gain.
If there is an area in Northern Nevada that I have not listed above that you would like to see included, let me know and I’ll add it.
The residential sales data in the table above includes Site/Stick Built properties only. Data excludes Condo/Townhouse, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS, and Incline Board of REALTORS®, January 15, 2021. Note: This information is deemed reliable, but not guaranteed.