Is Fernley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$378,298
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Fernley has remained the same since last year.
Summary: The median home sold price in Fernley was $378,298 in April 2024, down 0.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.5K | $294.1K | -1.8% |
| 3 Bedrooms | $365K | $369K | +1.1% |
| 4 Bedrooms | $421.5K | $417.9K | -0.8% |
| 5+ Bedrooms | $597.7K | $633.1K | +5.9% |
Summary: Fernley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in Fernley, NV
How many homes are available in Fernley, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 139 | 149 | +7.2% |
Summary: The Fernley real estate market had 149 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 91 | 104 | +14.3% |
| 4 Bedrooms | 41 | 40 | -2.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fernley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fernley, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Fernley in April 2024, down by 15.8% month-over-month. Of the 32 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 106 Days | -3.4% |
Summary: Homes in Fernley had an average of 106 days on market in Apr 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fernley has remained consistent over time.
Summary: During April 2024, 32 homes were sold in Fernley; 6% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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