$4,453 Closing Credit*
$375,000
1,355 SqFt
3 Beds
•2 Full Baths
Michele Lucero, Listing Office: RE/MAX Professionals-Reno
Is Fernley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Fernley has remained a Seller's Market.
Key Takeaway
Fernley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fernley, NV
How much do homes in Fernley, NV cost?
Median Sold Price
$385,405
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$15,405(+4.2%)
Key Takeaway
Homes in Fernley have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Fernley was $385,405 in August 2024, up 4.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355K | $294.1K | -17.1% |
| 3 Bedrooms | $357.1K | $377K | +5.6% |
| 4 Bedrooms | $405K | $426.9K | +5.4% |
| 5+ Bedrooms | $597.7K | $650K | +8.7% |
Summary: Fernley housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in Fernley, NV
How many homes are available in Fernley, NV?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 196 | 198 | +1.0% |
Summary: The Fernley real estate market had 198 homes for sale in August 2024, a 1.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 132 | 134 | +1.5% |
| 4 Bedrooms | 56 | 56 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Fernley housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 50 | 39 | -22.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fernley, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Fernley in August 2024, down by 22.0% month-over-month. Of the 39 sold homes, 36% were sold under asking, 26% were sold at asking, and 38% were sold over asking.
Days on Market for Fernley, NV
How long does it take to sell a home in Fernley, NV?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 65 Days | 75 Days | +15.3% |
Summary: Homes in Fernley had an average of 75 days on market in Aug 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fernley has remained consistent over time.
Summary: During August 2024, 39 homes were sold in Fernley; 3% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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