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Indicator Gauge Icon Legend

Red is bad, green is good, blue is not statistically different/neutral.

Compared to Distribution

an indicator guage with the arrow in the green the value is in the best half of communities.

an indicator guage with the arrow in the yellow the value is in the 2nd worst quarter of communities.

an indicator guage with the arrow in the red the value is in the worst quarter of communities.

Compared to Target

green circle with white tick inside it meets target; red circle with white cross inside it does not meet target.

Compared to a Single Value

green diamond with downward arrow inside it lower than the comparison value; red diamond with downward arrow inside it higher than the comparison value; blue diamond with downward arrow inside it not statistically different from comparison value.

Trend

green square outline with upward trending arrow inside it green square outline with downward trending arrow inside it non-significant change over time; green square with upward trending arrow inside it green square with downward trending arrow inside it significant change over time; blue square with equals sign no change over time.

Compared to Prior Value

green triangle with upward trending arrow inside it higher than the previous measurement period; green triangle with downward trending arrow inside it lower than the previous measurement period; blue equals sign no statistically different change  from previous measurement period.

green chart bars Significantly better than the overall value

red chart bars Significantly worse than the overall value

light blue chart bars No significant difference with the overall value

gray chart bars No data on significance available

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Median Sales Price of Existing Homes

Measurement Period: 2024
Filter: none (all Metropolitan Statistical Areas (MSA))

The median existing single-family home price.

Why is this important?

Housing is usually a family’s largest expense, but costs rise dramatically when families live farther away from the area they work and shop, or satisfy other needs such as childcare and healthcare.  While median income in the region hasn’t increased significantly, local home prices have more than doubled in the last two decades, forcing more homeowners outside the region, further straining infrastructure needs.

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Metropolitan Statistical Area (MSA): Reno-Sparks

$635,300
Source: National Association of Realtors
Measurement period: 2024
Maintained by: Truckee Meadows Tomorrow
Last update: November 2024
Filter(s) for this location: State: Nevada
Compared to See the Legend
Compared to the US Value ($418,700), Reno-Sparks has a value of $635,300 which is higher and worse.
US Value
($418,700)
Compared to the prior value, Reno-Sparks ($635,300) is greater and worse than the previously measured value ($585,800).
Prior Value
($585,800)
Over time, the Reno-Sparks value is increasing significantly.
Trend
Technical note: National Association of Realtors, Metropolitan Median Area Prices & Affordability, https://www.nar.realtor/research-and-statistics/housing-statistics/metropolitan-median-area-prices-and-affordability
More details: 2024 = Q3(p)

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Indicator Values
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Download Reno-Sparks Indicator Data CSV

Data Source

Filed under: Economy / Housing & Homes

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