$100,000
1.17 Acres
Land
Cari Norcutt, Listing Office: Berney Realty, LTD
Is Fallon, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fallon was a Seller's Market.
Key Takeaway
Fallon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fallon, NV
How much do homes in Fallon, NV cost?
Median Sold Price
$380,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,416(+9.0%)
Key Takeaway
Homes in Fallon have sold for 9% more than they did a year ago.
Summary: The median home sold price in Fallon was $380,000 in November 2024, up 9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $185K | -19.6% |
| 2 Bedrooms | $250K | $235.5K | -5.8% |
| 3 Bedrooms | $346K | $368.5K | +6.5% |
| 4 Bedrooms | $387.9K | $420K | +8.3% |
| 5+ Bedrooms | $465K | $520K | +11.8% |
Summary: Fallon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 85 | -11.5% |
Summary: The Fallon real estate market had 85 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 65 | 60 | -7.7% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Fallon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 11 | -57.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallon, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Fallon in November 2024, down by 57.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 76 Days | +36.8% |
Summary: Homes in Fallon had an average of 76 days on market in Nov 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fallon has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Fallon; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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