Explore Sparks, NV - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
1.39%
Investor Friendly Score
51.00%
Median Price
$255,000

Market Insights

The present housing market in Sparks is down with high active listings and low sales volume. Home prices have decreased 4.0% in the past month. With 38 active listings, inventory is 111% higher than seasonal norms. Homes are now taking an average of 56 days to sell, significantly longer than the 23 days typical for this market. A significant 31.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sparks market with the affordability index at 26.5. Current trends suggest further price adjustments may occur as the market continues to favor buyers.

Demographics market for - Sparks, NV

Total Population -

111,171

White Population

65.16%

Black Population

1.85%

Mexican83.57% (23.04% of total population)
Puerto Rican2.49% (0.69% of total population)
Cuban1.60% (0.44% of total population)
Dominican0.08% (0.02% of total population)
Salvadoran5.19% (1.43% of total population)
Costa Rican0.63% (0.17% of total population)
Gautemalan3.34% (0.92% of total population)
Honduran0.06% (0.02% of total population)
Nicaraguan0.86% (0.24% of total population)
Panamanian0.18% (0.05% of total population)
Argentinean0.16% (0.04% of total population)
Bolivian0.10% (0.03% of total population)
Chilean0.10% (0.03% of total population)
Colombian0.72% (0.20% of total population)
Ecuadorian0%
Peruvian0.19% (0.05% of total population)
Uruguyan0.68% (0.19% of total population)
Venezuelan0.06% (0.02% of total population)

Indian 1.18% (0.33% of total population)
Bangladeshi 0%
Chinese 2.71% (0.75% of total population)
Bhutanese 0%
Burmese 0%
Filipino 8.66% (2.39% of total population)
Hmong 0%
Indonesian 0%
Japanese 0.75% (0.21% of total population)
Korean 1.66% (0.46% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0.26% (0.07% of total population)
Srilankan 0%
Taiwanese 0%
Pakistani 0.26% (0.07% of total population)
Srilankan 0%
Taiwanese 0%
Thai 0.75% (0.21% of total population)
Vietnamese 1.88% (0.52% of total population)

Hawaiian0.45% (0.13% of total population)
Samoan0.76% (0.21% of total population)
Chamorro0.30% (0.08% of total population)
Fijian0%
Marshallese0%

Crime for - Sparks, NV

Kidnapping/Abduction7.14%
Kidnapping/Abduction73.81%
Sex Offenses19.05%

Larceny/Theft Offenses57.04%
Burglary/Breaking & Entering4.01%
Stolen Property Offenses18.23%
Motor Vehicle Theft3.73%
Destruction/Damage/Vandalism of Property16.99%

Robbery100.00%

Homicide Offenses100.00%

Counterfeiting/Forgery20.17%
Fraud Offenses63.03%
Arson5.88%
Embezzlement10.92%

Assault Offenses100.00%

Real Estate Market Prediction for - Sparks, NV

City Hotspots

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