The housing market in Sparks, NV, over the past year has shown significant activity. As of the latest data, there were 2,233 home sales recorded, with a median home price of $539,900. The inventory of homes available for sale stands at 216, indicating a competitive market where homes are selling quickly.
The median home price in Sparks, NV, is influenced by varying activities across different market segments. The mid and mid-high segments show stable pricing with slight increases, suggesting a balanced demand. However, the luxury segment has seen a dramatic increase in median home price, which is likely pulling the overall median price higher.
Housing market segment analysis tracks the distribution of home sales in Reno’s different housing markets.
In the low-end segment of the Sparks, NV, housing market, there has been a slight decrease in home sales from 251 to 228 over the past year. The median home price has also seen a minor reduction from $300,000 to $290,000, reflecting a slight downward trend. The median home square footage decreased from 1,080 to 1,070, indicating that buyers in this segment are possibly opting for smaller homes.
The mid-range segment in Sparks, NV, has experienced a modest decline in home sales, dropping from 550 to 511. Despite this, the median home price has increased slightly from $430,000 to $435,000. The median home square footage decreased from 1,454 to 1,396, suggesting that homes in this segment are becoming more compact while maintaining their value.
The mid-high segment of the Sparks, NV, market has seen an increase in home sales from 850 to 917, indicating strong demand in this price range. The median home price has risen from $545,000 to $550,000, and the median home square footage slightly decreased from 1,947 to 1,930. This segment appears to be attracting buyers looking for larger homes with premium features.
The high-end segment in Sparks, NV, has witnessed a notable increase in home sales, rising from 457 to 577. The median home price has remained relatively stable, moving from $747,355 to $749,000. The median home square footage decreased slightly from 2,714 to 2,680, indicating that buyers in this segment are still seeking spacious homes but may be opting for slightly smaller properties.
The luxury segment of the Sparks, NV, housing market has seen a dramatic shift. Home sales have plummeted from 3 to just 1, suggesting a very niche market with limited transactions. However, the median home price has skyrocketed from $1,615,000 to $3,600,000, reflecting a significant increase in the value of luxury properties. The median home square footage decreased from 2,954 to 2,402, indicating that luxury homes are becoming more compact while their prices soar.
| Market Segment | 2023-07-12 to 2024-07-11 | 2024-07-12 to 2025-07-11 | Change |
|---|---|---|---|
| Low | 12 | 10 | -1.7% |
| Mid | 26 | 23 | -3.2% |
| Mid-High | 40 | 41 | 0.8% |
| High | 22 | 26 | 4.2% |
| Luxury | 0.14 | 0.04 | -0.097% |
| Market Segment | 2023-07-12 to 2024-07-11 | 2024-07-12 to 2025-07-11 | Change |
|---|---|---|---|
| Low | 251 | 228 | -9.2% |
| Mid | 550 | 511 | -7.1% |
| Mid-High | 850 | 917 | 7.9% |
| High | 457 | 577 | 26% |
| Luxury | 3 | 1 | -67% |
| Market Segment | 2023-07-12 to 2024-07-11 | 2024-07-12 to 2025-07-11 | Change |
|---|---|---|---|
| Low | 300K | 290K | -3.3% |
| Mid | 430K | 435K | 1.2% |
| Mid-High | 545K | 550K | 0.9% |
| High | 747K | 749K | 0.2% |
| Luxury | 1.6M | 3.6M | 123% |
| Market Segment | 2023-07-12 to 2024-07-11 | 2024-07-12 to 2025-07-11 | Change |
|---|---|---|---|
| Low | 270 | 261 | -3.3% |
| Mid | 297 | 314 | 5.7% |
| Mid-High | 278 | 287 | 3.2% |
| High | 284 | 287 | 1.1% |
| Luxury | 547 | 1.5K | 174% |
| Market Segment | 2023-07-12 to 2024-07-11 | 2024-07-12 to 2025-07-11 | Change |
|---|---|---|---|
| Low | 1.1K | 1.1K | -0.9% |
| Mid | 1.5K | 1.4K | -4% |
| Mid-High | 1.9K | 1.9K | -0.9% |
| High | 2.7K | 2.7K | -1.3% |
| Luxury | 3K | 2.4K | -19% |
Homes in the low end of Reno’s housing market range from $100K to $370K. Over the past , 228 have been sold - a 9.2% decline compared to one year ago. This price segment accounts for 10% of the market - a 1.7% decline from one year ago.
Home sizes vary between 416 to 2,152 square feet, with the median home size dropping 0.9% to 1.1K square feet. The median price per square foot has decreased by 3.3%, now sitting at $261. Meanwhile, the median home price is $290K, reflecting a 3.3% decrease.
| Change | |||
|---|---|---|---|
| Market Share | 12 | 10 | -1.7% |
| Home Sales | 251 | 228 | -9.2% |
| Median Home Price | 300K | 290K | -3.3% |
| Median Price Sq. Ft | 270 | 261 | -3.3% |
| Median Home Size | 1.1K | 1.1K | -0.9% |
Homes in the mid end of Reno’s housing market range from $370K to $475K. Over the past , 511 have been sold - a 7.1% decline compared to one year ago. This price segment accounts for 23% of the market - a 3.2% decline from one year ago.
Home sizes vary between 736 to 2,914 square feet, with the median home size dropping 4% to 1.4K square feet. The median price per square foot has increased by 5.7%, now sitting at $314. Meanwhile, the median home price is $435K, reflecting a 1.2% increase.
| Change | |||
|---|---|---|---|
| Market Share | 26 | 23 | -3.2% |
| Home Sales | 550 | 511 | -7.1% |
| Median Home Price | 430K | 435K | 1.2% |
| Median Price Sq. Ft | 297 | 314 | 5.7% |
| Median Home Size | 1.5K | 1.4K | -4% |
Homes in the mid-high end of Reno’s housing market range from $477K to $643K. Over the past , 917 have been sold - a 7.9% increase compared to one year ago. This price segment accounts for 41% of the market - a 0.8% increase from one year ago.
Home sizes vary between 832 to 3,687 square feet, with the median home size dropping 0.9% to 1.9K square feet. The median price per square foot has increased by 3.2%, now sitting at $287. Meanwhile, the median home price is $550K, reflecting a 0.9% increase.
| Change | |||
|---|---|---|---|
| Market Share | 40 | 41 | 0.8% |
| Home Sales | 850 | 917 | 7.9% |
| Median Home Price | 545K | 550K | 0.9% |
| Median Price Sq. Ft | 278 | 287 | 3.2% |
| Median Home Size | 1.9K | 1.9K | -0.9% |
Homes in the high end of Reno’s housing market range from $645K to $1.4M. Over the past , 577 have been sold - a 26% increase compared to one year ago. This price segment accounts for 26% of the market - a 4.2% increase from one year ago.
Home sizes vary between 648 to 4,605 square feet, with the median home size dropping 1.3% to 2.7K square feet. The median price per square foot has increased by 1.1%, now sitting at $287. Meanwhile, the median home price is $749K, reflecting a 0.2% increase.
| Change | |||
|---|---|---|---|
| Market Share | 22 | 26 | 4.2% |
| Home Sales | 457 | 577 | 26% |
| Median Home Price | 747K | 749K | 0.2% |
| Median Price Sq. Ft | 284 | 287 | 1.1% |
| Median Home Size | 2.7K | 2.7K | -1.3% |
Homes in the luxury end of Reno’s housing market range from $3.6M to $3.6M. Over the past , 1 have been sold - a 67% decline compared to one year ago. This price segment accounts for 0.04% of the market - a 0.097% decline from one year ago.
Home sizes vary between 2,402 to 2,402 square feet, with the median home size dropping 19% to 2.4K square feet. The median price per square foot has increased by 174%, now sitting at $1.5K. Meanwhile, the median home price is $3.6M, reflecting a 123% increase.
| Change | |||
|---|---|---|---|
| Market Share | 0.14 | 0.04 | -0.097% |
| Home Sales | 3 | 1 | -67% |
| Median Home Price | 1.6M | 3.6M | 123% |
| Median Price Sq. Ft | 547 | 1.5K | 174% |
| Median Home Size | 3K | 2.4K | -19% |
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Learn how to navigate the housing market.
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