Torry Johnson's Market Report

Sparks, NV

Single-Family Homes

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



Sparks, NV

Fri Feb 28 2020
This week the median list price for Sparks, NV is $429,975 with the market action index hovering around 52. This is an increase over last month's market action index of 48. Inventory has held steady at or around 158. 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

Fri Feb 28 2020
This week the median list price for Sparks, NV is $429,975 with the market action index hovering around 52. This is an increase over last month's market action index of 48. Inventory has held steady at or around 158. 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 $429,975
Per Square Foot $206
Days on Market 76
Price Decreased 27%
Price Increased 12%
Relisted 3%
Inventory 158
Median Rent $1,850
Most Expensive $989,500
Least Expensive $179,900
Market Action 52
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
$588,000 2,990 0.25 - 0.5 acre 4 3 14 6 6 79
$459,980 2,479 8,000 - 10,000 sqft 4 3 6 3 7 116
$404,199 2,024 6,500 - 8,000 sqft 3 2 15 12 9 51
$332,900 1,394 4,500 - 6,500 sqft 3 2 35 15 8 56