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June 2022 Market Report

June 23, 2022 by preese Leave a Comment

Reno/Sparks

Real Estate Market Overview
June 2022
(Based on May 2022 statistics) 

 

 

In May 2022, the report showed Reno/Sparks had 517 sales of existing single-family homes; an increase of 4.4 percent from April 2022 and a 5 percent decrease from May 2021. The report listed the median sales price for an existing single-family residence in Reno/Sparks in May 2022 at $615,000; This is an increase of 3.4 percent from last month and a 23 percent increase from the previous year. All sales numbers are for existing “stick-built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular, or newly constructed homes. The median sales price of an existing condominium/townhome in Reno/Sparks in May 2022 was $315,500; Up 0.2 percent from last year.
 

Reno (including North Valleys)

In May 2022, Reno (including North Valleys) had 373 sales of existing single-family homes; an increase of 0.5 percent from last year and an increase of 10.4 percent from May 2021. The median sales price in Reno for an existing single-family residence in May 2022 was $630,000; no change from the previous month and an increase of 14.5 percent from 2021. All sales numbers are for existing “stick-built, single-family dwellings and do not include condominiums, townhomes, manufactured, modular, or newly constructed homes. The existing condominium/townhome median sales price for May 2022 in Reno was $352,500,000; an increase of 11 percent from the prior year.
 

Sparks (including Spanish Springs)

Sparks (including Spanish Springs) had 144 sales of existing single-family homes in May 2022; a decrease of 16.8 percent from last year and a decrease of 8.3 percent from the previous month. The Sparks median sales price for an existing single-family residence in May 2022 was $570,000; an increase of 25.7 percent from last year and an increase of 3.6 percent last month. All sales numbers are for existing “stick-built-family dwellings” only and do not include condominiums, townhomes, manufactured, modular, or newly constructed homes. The existing condominium/townhome median sales price for May 2022 in Sparks was $297,500; a decrease of 2.5 percent from last year. 

The graph below shows the trends.
  

 

 

 

Source: Reno-Sparks Association of REALTORS®. Market trends and analysis based on data from the Northern Nevada Regional MLS through the end of each month. Due to timing of data entry into the MLS, data shown may be different than previously reported. 

Filed Under: Current Market Report

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