Market report, updated

Market Report

Search in the subdivision of Somersett Village 5B

explorenevadahomes.com
Report prepared by explorenevadahomes.com Fathom Realty NV LLC

Market at a glance

Over the last 6 months, homes sold for 98.0% of list price in 73 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $625K Sold · $618K
$660K$610K$560K$510K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 3 sales in Jul. Last month: 1.

Where the market stands

All homes in this report, by status.

7homes
Active2 · 29%
Sold (6 mo)5 · 71%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

2.4months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$618K
Sold$622K

Average days on market

Active53 days
Sold73 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 2
Average list price $617,500
Avg. days on market 53 days
Avg. price per ft² $253
Avg. living area 2,434 ft²
Avg. beds / baths 3.5 / 4.0

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$900K$600K$300K$0

Price vs. living area: 2 homes plotted, up to $900K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Highest price per ft²

Top 2 homes in this status.

2137 Tara Ridge Trl$256
2305 Tara Ridge Trl$251

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
2137 Tara Ridge TrlReno, NV 89523 342,441$625,000$2567 days
2305 Tara Ridge TrlReno, NV 89523 442,428$610,000$25199 days
explorenevadahomes.com

Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

explorenevadahomes.com Fathom Realty NV LLC

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The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.
LVR MLS deems information reliable but not guaranteed.
Copyright 2026 of the Las Vegas REALTORS® MLS. All rights reserved.

The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Updated:

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© 2017 Northern Nevada Regional MLS, Inc. All Rights Reserved
Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed