Is Washoe Valley, NV 89704 a buyer’s or seller’s market?
Washoe Valley is a seller’s market. With about 3.9 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 32% of U.S. ZIP codes, and #54 of 101 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Washoe Valley housing market right now
In the three months ending August 31, 2026, 14% of homes in Washoe Valley, NV 89704 sold above their list price, the typical home went under contract in 42 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (15% then), homes sold faster (74 days then) and the median sale price rose 1% to $777,164. Overall, Washoe Valley is more competitive than a year ago, so tougher for buyers.
Within Washoe County, homes here sell faster than in 76% of the county’s ZIP codes, and sell less often over asking than in 62%.
Nearby, buyers who want less competition could look at Reno 89510 (0% sold over asking) or Incline Village 89450 (0% sold over asking), while Reno 89512 (32% sold over asking) and Reno 89519 (28% sold over asking) are even more competitive.
Run the numbers for 89704
Nearby markets
Crystal Bay 89402Buyer’s market $2,648 /sq ftIncline Village 89450Seller’s market $753 /sq ftIncline Village 89451Balanced $763 /sq ftReno 89501Balanced $352 /sq ft Browse all markets →Towns like Washoe Valley nearby
Find towns like Washoe Valley in other states →Where Washoe Valley is
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Questions about Washoe Valley real estate
Is Washoe Valley a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Washoe Valley, NV 89704 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Washoe Valley?
The typical home went under contract in 42 days in the latest three months.
Do homes in Washoe Valley sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Washoe Valley?
About 0.44% of a home’s value a year in Washoe County, or roughly $1,760 on a $400,000 home.
What is the median home price in Washoe Valley?
The median sale price was $777,164 in the three months ending August 31, 2026, about $446 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology