If you live in South Meadows or are considering buying a home in this area, you may want to know more about local housing conditions. This post has key statistics and insights into the current Reno-South Meadows real estate market.
Reno - South Meadows Real Estate Statistics
| Reno-South Meadows | 1st Half - 2014 | 1st Half - 2015 | % Change |
| Number of Homes Sold | 236 | 312 | 32% |
| Average Days on Market | 91 | 82 | -10% |
| Highest Price | $ 565,000 | $ 721,500 | 28% |
| Lowest Price | $ 165,000 | $ 196,875 | 19% |
| Average Home Price | $ 293,066 | $ 328,915 | 12% |
| Median Home Price | $ 285,000 | $ 315,000 | 11% |
| Sold Price / List Price % | 98.5% | 99.1% | 1% |
Summary of Market Highlights
Number of homes sold - The number of homes sold in South Meadows has jumped by nearly a third from the first half of 2014 to the first half of 2015, outpacing other parts of Reno.
Median Home Price - At the same time, median home prices in South Meadows increased at a rate of 11%.
Sold Price / List Price % - Sales are being negotiated 1% closer to their asking prices than they were last year.
Highest and Lowest Priced Homes Sold
1st half of 2015 Highest Priced Home Sold - The spacious four bedroom, five bathroom listing at 2665 Brentina Court has a distinctive floor plan and is home to an expansive backyard. This home is a large (4,268 square feet) two story, 4 bedroom, 4.5 bath home with a 5 car garage!
1st half of 2015 Lowest Priced Home Sold - The lowest priced single family home sold in the South Meadows during this time was 1225 Tule Drive. This property was sold at $196,875 and was 4 bedrooms, 2 bathrooms, and two stories packaged into 1,675 square feet which is pretty tight.
Currently Listed - Highest Priced Home Sold - Located in a gated community, this 4,338 square foot home at 2675 Friesian Court contains five bedrooms and five bathrooms. It features high ceilings, three stone fireplaces and an indoor theater.
Currently Listed - Lowest Priced Home Sold - Large windows let lots of natural light into this 1,272 square foot residence at 9694 Truckee Meadows Place. This listing features two bedrooms, two bathrooms, a two car garage and a fireplace.
South Meadows Listings - Current and Recently Sold
- Active South Meadows Listings
- Sold South Meadows Listings - (last 180 days)
Need More Help?
Additional Resources
- Regional Market Trend Charts (The Greater Reno-Tahoe Real Estate Report)
- Historical Market Trend Chart - 15 Year View
- Northern Nevada MLS Search
Comments(0)