The most recent S&P CoreLogic Case-Shiller Index numbers have been released and they show that home prices nationally rose 19.2% year over year in January, up from 18.9%. See CNBC’s [March 29, 2022]: Home prices heated up to start the year, with huge surges in Arizona and Florida, says S&P Case-Shiller report. [Note: the Case-Shiller index data is a 3-month moving average, and lags nearly three months behind — meaning the January data was just released on March 29th, and is the average for the period November-January.]
The Case-Shiller 10-city composite annual increase was 17.5%, up from 17.1% in the previous month, and the 20-city composite rose 19.1%, up from 18.6% in December.
How do home prices throughout the northern Nevada housing markets compare nationally? Let’s take a look…
The interactive table above shows March 2022’s median home sales prices; month-over-month percent change in price; year-over-year percent change price; and number of homes sold. [Note: Click on the column headers to sort by that column.]
The Reno-Sparks metro area saw a 19.8% year-over-year increase in its median sales price in March. This is in line with the Case-Shiller reported 19.2% increase in home prices nationally.
Splitting Reno and Sparks, we see that those market’s year-over-year increases are 18.1% and 23.5%, respectively.
The northern Nevada market with the greatest year-over-year increase was Dayton, NV with a 25.9% annual increase in home prices.
Sparks, NV had the greatest month-over-month increase in home prices — with a whopping 8.1% one-month increase.
Reno, NV’s median home price has now surpassed $600,000 for the first time.
If there is an area in Northern Nevada that I have not covered above that you would like to see included, please let me know and I’ll add it.
I welcome your comments below.
Related: From the Reno Gazette-Journal: Reno median home sales price hits $600,000 for the first time in record-breaking climb
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®, April 10, 2022. Note: This information is deemed reliable, but not guaranteed.