The Wells Avenue Neighborhood housing market is somewhat competitive. The median sale price of a home in Wells Avenue Neighborhood was $460K last month, up 17.2% since last year. The median sale price per square foot in Wells Avenue Neighborhood is $376, up 11.9% since last year.
What is the housing market like in Wells Avenue Neighborhood today?
In March 2024, Wells Avenue Neighborhood home prices were up 17.2% compared to last year, selling for a median price of $460K. On average, homes in Wells Avenue Neighborhood sell after 62 days on the market compared to 57 days last year. There were 7 homes sold in March this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$460,000
+17.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Wells Avenue Neighborhood, NV
$460,000
+17.2%
United States
To compare other locations to the Wells Avenue Neighborhood and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Reno add value to a home.
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How hot is the Wells Avenue Neighborhood housing market?
Wells Avenue Neighborhood is somewhat competitive. Homes sell in 49 days.
0
100
53
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 49 days.
Hot homes
can sell for around list price and go pending in around 28 days.
Learn about schools in the Wells Avenue Neighborhood area
Elementary
Middle
High
GreatSchools Rating
5/10
Veterans Memorial Elementary School
Public • PreK-6
422
Students
7 reviews
4/10
Libby C Booth Elementary School
Public • PreK-6
420
Students
3 reviews
4/10
Roger Corbett Elementary School
Public • PreK-6
519
Students
1 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Wells Avenue Neighborhood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Wells Avenue Neighborhood.
Risk Factor
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Wells Avenue Neighborhood has a minor risk of flooding. 12 properties in Wells Avenue Neighborhood are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Wells Avenue Neighborhood. Flood risk is increasing slower than the national average.
Wells Avenue Neighborhood has minimal risk of severe winds over the next 30 years
Wind Factor
Wells Avenue Neighborhood has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
98% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Wells Avenue Neighborhood has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 98% of homes in Wells Avenue Neighborhood have a Moderate Heat Factor®.
Wells Avenue Neighborhood is expected to see a 157% increase in the number of days over 94ºF over the next 30 years. Wells Avenue Neighborhood is expected to experience 7