In 2024, the housing markets in Fernley and Fallon, Nevada, exhibited notable trends:
Fernley:
Median Home Value: $380,175, reflecting a 3.8% increase over the past year.
zillow.com
Median Sale Price: $382,495, a 3.2% decrease year-over-year.
redfin.com
Median Listing Price: $413,000, up 2.4% from the previous year.
realtor.com
Median Days on Market: Homes typically sold after 73 days, slightly faster than the previous year's 76 days.
redfin.com
Sales Volume: 40 homes sold in December 2024, a 14.3% increase from the prior year.
redfin.com
Fallon:
Median Home Value: $370,480, marking a 4.4% rise over the past year.
zillow.com
Median Sale Price: $399,950, a significant 17.5% increase year-over-year.
redfin.com
Median Listing Price: $410,000, up 5.1% from the previous year.
realtor.com
Median Days on Market: Homes sold after an average of 51 days, compared to 34 days the previous year.
redfin.com
Sales Volume: 10 homes sold in December 2024, consistent with the prior year.
redfin.com
These trends indicate a generally appreciating market in both cities, with Fallon experiencing more pronounced growth in home values and sale prices.