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September 2023 Real Estate Market Update

Friday, September 1, 2023   /   by Beau Paulsen

September 2023 Real Estate Market Update

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Hello, everyone. Welcome to your concise Real Estate Market Report covering RenoSparks, and Carson City

Let's start with the median sales price – holding steady at $570,000. No changes compared to last month, indicating stability in the market. 

Next up, days to contract have increased by 30%, now at 20 days. Homes are taking slightly longer to secure a contract.

The number of homes on the market has risen by 2% to 874. This offers buyers a slightly broader selection of options.

Lastly, the price per square foot remains unchanged at $305, showing consistent pricing across the region.

In summary, the real estate market in RenoSparks, and Carson City maintains its stability with a consistent median sales price, though days to contract have extended slightly. The increased number of homes on the market offers more choices, and the unchanged price per square foot signifies continued pricing balance.

If you're considering buying or selling in this market, our team is here to provide guidance and assistance. Stay informed, and stay ahead in the ever-evolving real estate landscape.

Keep an eye out for more updates, and until next time, remember that understanding the data leads to smarter decisions in the world of real estate.

The Reade Group | RE/MAX Gold - Midtown
Meka Reade
1401 South Virginia St, Suite 100
Reno, NV 89502
775-813-7271

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is 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. Real estate listings held by Brokerage firms other than Meka Reade - Re/Max Gold are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2024 of Northern Nevada Regional MLS. All rights reserved.
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