Reno South Meadows Home Values Rise 11%

Posted on Monday, August 3rd, 2015 at 11:51am.

South Meadows Housing Summary 1st Half 2014 to 1st Half 2015 (Reno, NV) 

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. 

What's My Home Worth?

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

We update all current listings daily, as well as homes sold on our site in the last 180 days. The links below let you review listings with descriptions and photos:
 

Need More Help?

We help home buyers and sellers in the South Meadows area from our office in Reno, NV. We are familiar with all of the neighborhoods in this area, including Curti Ranch, Damonte Ranch and Double Diamond Ranch. If you have questions or need further assistance in any of these areas, please let us know!
 

Additional Resources

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