In the Reno-Sparks market the annual median sales price at $304,990 in 2016 was up 9% compared to 2015. In 2015 the annual median sales price was $280,000 up 14% from 2014.  As of today 3/31/2017 the median price in Reno-Sparks for single family homes sold is $315,000.  This is up 8.6% from the median price of $290,000 for 1st quarter 2016.  If you want to know how much your home is worth call the Shocket Team. 
Home Prices Up 6.15% Across the Country! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
  • Alaska, Delaware, West Virginia & Wyoming were the only states where home prices are lower than they were last year.