Torry Johnson's Market Report

Sparks, NV

Single-Family Homes

775.790.4637 | tjohnson@chaseinternational.com | www.torryjohnson.com



Sparks, NV

Tue Jan 21 2020
This week the median list price for Sparks, NV is $424,444 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 182. 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

Tue Jan 21 2020
This week the median list price for Sparks, NV is $424,444 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 182. 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 $424,444
Per Square Foot $203
Days on Market 86
Price Decreased 32%
Price Increased 9%
Relisted 5%
Inventory 182
Median Rent $1,850
Most Expensive $989,500
Least Expensive $179,900
Market Action 47
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$540,000 2,803 0.25 - 0.5 acre 4 3 15 5 9 105
$450,000 2,340 8,000 - 10,000 sqft 4 2 12 7 5 81
$399,925 2,007 6,500 - 8,000 sqft 3 2 17 9 8 75
$325,000 1,488 4,500 - 6,500 sqft 3 2 44 6 16 79