2022

m arket S ummary

In December 2022, Reno (including North Valleys) had 232 closed sales of existing singlefamily homes; a decrease of 37.1 percent from last year and a 1.3 percent decrease from November 2022.

The median sales price in Reno for an existing single-family residence in December 2022 was $533,532; a decrease of 5.9 percent from last month and a decrease of 6.4 percent from the prior 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 existing condominium/townhome median sales price for December 2022 in Reno was $314,500; a decrease of 2.8 percent from the prior year.

Reports are based on single family homes in the Reno & Sparks area(s).

Sparks (including Spanish Springs) had 105 closed sales of existing single-family homes in December 2022; a decrease of 31.4 percent from last year and a 9.5 percent decrease from November 2022.

The Sparks median sales price for an existing single-family residence in December 2022 was $495,000; a decrease than 3.7 percent from last year and a decrease of 2.9 percent from last month. 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 existing condominium/townhome median sales price for December 2022 in Sparks was $275,000; a decrease of 4.2 percent from last year.