$4,976 Closing Credit*
$419,000
1,610 SqFt
3 Beds
•2 Full Baths
Terri Mitchener, Listing Office: Solid Source Realty
Is Fallon, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Fallon was a Seller's Market.
Key Takeaway
Fallon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fallon, NV
How much do homes in Fallon, NV cost?
Median Sold Price
$385,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$34,003(+9.7%)
Key Takeaway
Homes in Fallon have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Fallon was $385,000 in December 2024, up 9.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $185K | -19.6% |
| 2 Bedrooms | $250K | $235.2K | -5.9% |
| 3 Bedrooms | $349.4K | $373K | +6.7% |
| 4 Bedrooms | $395.6K | $420K | +6.1% |
| 5+ Bedrooms | $465K | $520K | +11.8% |
Summary: Fallon housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in Fallon, NV
How many homes are available in Fallon, NV?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The Fallon real estate market had 75 homes for sale in December 2024, a 1.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 55 | 56 | +1.8% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fallon housing inventory by bedroom type for December 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 1.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallon, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Fallon in December 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Fallon, NV
How long does it take to sell a home in Fallon, NV?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 76 Days | 61 Days | -19.3% |
Summary: Homes in Fallon had an average of 61 days on market in Dec 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fallon has remained consistent over time.
Summary: During December 2024, 12 homes were sold in Fallon; 8% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Copyright © 2025 Northern Nevada Regional MLS. All rights reserved.