Stewart Title's Market Report

Sparks, NV

Single-Family Homes

Our Strength is Our People



Sparks, NV

Thu Mar 28 2024
This week the median list price for Sparks, NV is $674,995 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has held steady at or around 151. Click here to stay informed with the Sparks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Sparks, NV

Thu Mar 28 2024
This week the median list price for Sparks, NV is $674,995 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has held steady at or around 151. Click here to stay informed with the Sparks market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Sparks market.
Median List Price $674,995
Median Price of New Listings $596,669
Per Square Foot $292
Average Days on Market 68
Median Days on Market 28
Price Decreased 32%
Price Increased 8%
Relisted 8%
Inventory 151
Median Rent
Market Action 50
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$950,000 3,163 0.25 - 0.5 acre 4 3 11 7 3 98
$711,890 2,532 8,000 - 10,000 sqft 4 2.8 3 5 6 14
$626,500 2,214 6,500 - 8,000 sqft 4 2.5 3 6 12 38
$485,000 1,584 6,500 - 8,000 sqft 3 2 25 14 18 14