$4,726 Closing Credit*
$398,000
1,514 SqFt
3 Beds
•2 Full Baths
Fred Dutter, Listing Office: Realty One Group Eminence
Is Fernley, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fernley was a Seller's Market.
Key Takeaway
Fernley 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 Fernley, NV
How much do homes in Fernley, NV cost?
Median Sold Price
$385,990
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,990(+4.3%)
Key Takeaway
Homes in Fernley have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Fernley was $385,990 in October 2024, up 4.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289K | $300K | +3.8% |
| 3 Bedrooms | $360K | $376.9K | +4.7% |
| 4 Bedrooms | $407.4K | $425.9K | +4.5% |
| 5+ Bedrooms | $699.9K | $608.2K | -13.1% |
Summary: Fernley housing prices by bedroom type for October 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 4.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 13.1%.
Housing Supply in Fernley, NV
How many homes are available in Fernley, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 175 | 170 | -2.9% |
Summary: The Fernley real estate market had 170 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 121 | 122 | +0.8% |
| 4 Bedrooms | 47 | 42 | -10.6% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Fernley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 27 | -37.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fernley, expect to pay close to the asking price. 37% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Fernley in October 2024, down by 37.2% month-over-month. Of the 27 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 93 Days | +39.5% |
Summary: Homes in Fernley had an average of 93 days on market in Oct 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fernley has remained consistent over time.
Summary: During October 2024, 27 homes were sold in Fernley; 4% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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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.