Market anticipation for 2025

🏡 Northern Nevada Market Snapshot – Spring 2025
 
📍 Reno
Median Listing Price: $580,000
Median Sold Price: $559,000
Price Per Square Foot: $328
Market Insight: Reno remains one of Northern Nevada’s strongest markets, with steady buyer demand and a slight price correction year-over-year. Homes that are move-in ready and well-priced are still attracting solid interest.
 
📍 Sparks
Median Home Price: $555,000
Month-over-Month Change: Down 1.1% from the previous month
Year-over-Year Change: Up 4.6%
Market Insight: Sparks continues to show growth with moderate price increases. It’s a competitive market for buyers looking in the mid-range price bracket.
 
📍 Fernley
Median Sold Price: $388,995
Price Per Square Foot: $241
Average Days on Market: 84 days
Market Insight: Fernley offers one of the best values in the region with gradual appreciation. A great option for buyers looking for affordability without straying too far from Reno/Sparks.
 
📍 Fallon
Median Sold Price: $390,000
Price Per Square Foot: $243
Year-over-Year Change: Up 8%
Market Insight: Fallon has seen significant growth over the past year. The area is attracting buyers looking for more space, privacy, and a small-town feel—while still gaining equity.