Keeping track of home prices in the Midtown District? This post contains important information about the real estate market in the heart of Reno, which features historic buildings and unique small businesses within walking distance of Reno's most iconic locations.
Midtown Housing Market Summary
|Reno - Midtown||1st Half - 2014||1st Half - 2015||% Change|
|Number of Homes Sold||10||8||-20%|
|Average Days on Market||82||154||88%|
|Highest Price||$ 320,000||$ 345,000||8%|
|Lowest Price||$ 140,000||$ 156,000||11%|
|Average Home Price||$ 192,950||$ 249,312||29%|
|Median Home Price||$ 176,000||$ 260,750||48%|
|Sold Price / List Price %||98.0%||98.6%||1%|
Summary of Market Statistics
Number of homes sold - From the first half of 2014 to the first half of 2015, the number of homes sold dropped from 10 to eight.
Median Home Price - The median home price in Midtown rose nearly 50%, a much greater increase than average compared to the rest of Reno in the same period of time.
Sold Price / List Price % - Throughout this period, sellers realized about 98% of their list prices.
High and Low Home Price Summary
1st half of 2015 Highest Priced Home Sold - Built in 2014 in a traditional style, the 1,732 square foot residence at 420 Mount Rose Street features three bedrooms, two bathrooms and a two vehicle garage. It sold for $473,803.
1st half of 2015 Lowest Priced Home Sold - Sold for just under $200,000, the two bedroom, one bathroom offering at 1070 Haskell Street is well within walking distance of many of Reno's shops and restaurants.
Currently Listed - Highest Priced Home - The 2,117 square foot residence at 340 Mount Rose Street contains three bedrooms, three bathrooms and a two vehicle garage. Though made in the Craftsman style of many of Reno's older residences, this offering is newly built. It will offer its first owner the convenience of a new home and the beauty of an old one.
Currently Listed - Lowest Priced Home - Built in 1930, the two bathroom, two bedroom residence at 1028 Haskell Street offers a convenient location, a detached garage and a large shed. 1034 Haskell, adjoining this offering, is also for sale.