$6,886 Closing Credit*
$579,900
2,178 SqFt
4 Beds
•2 Full Baths
Daniel McCreary, Listing Office: RE/MAX Traditions
Is Fernley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$388,560
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,560(+5.0%)
Key Takeaway
Homes in Fernley have sold for 5% more than they did a year ago.
Summary: The median home sold price in Fernley was $388,560 in November 2024, up 5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289K | $300K | +3.8% |
| 3 Bedrooms | $360K | $377.5K | +4.9% |
| 4 Bedrooms | $410K | $430K | +4.9% |
| 5+ Bedrooms | $614.9K | $650K | +5.7% |
Summary: Fernley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Silver Springs | $334.1K | $375K | +12.2% |
| Fernley | $370K | $388.5K | +5.0% |
Housing Supply in Fernley, NV
How many homes are available in Fernley, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 163 | 156 | -4.3% |
Summary: The Fernley real estate market had 156 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 120 | 113 | -5.8% |
| 4 Bedrooms | 37 | 34 | -8.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Fernley 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 increased by 300%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fernley, expect to pay close to the asking price. 43.3% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in Fernley in November 2024, up by 7.1% month-over-month. Of the 30 sold homes, 37% were sold under asking, 43% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 139 Days | +58.6% |
Summary: Homes in Fernley had an average of 139 days on market in Nov 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fernley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 30 homes were sold in Fernley; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved. 
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.