Stewart Title's Market Report

Fernley, NV

Single-Family Homes

Our Strength is Our People



Fernley, NV

Fri Mar 29 2024
This week the median list price for Fernley, NV is $426,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has increased to 66. Click here to stay informed with the Fernley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Fernley, NV

Fri Mar 29 2024
This week the median list price for Fernley, NV is $426,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has increased to 66. Click here to stay informed with the Fernley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Fernley market.
Median List Price $426,000
Median Price of New Listings $399,999
Per Square Foot $231
Average Days on Market 70
Median Days on Market 35
Price Decreased 27%
Price Increased 11%
Relisted 2%
Inventory 66
Median Rent
Market Action 46
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$533,336 2,382 0.25 - 0.5 acre 4 2.5 4 1 3 70
$449,000 2,010 8,000 - 10,000 sqft 3 2.3 1 3 3 52
$410,000 1,825 6,500 - 8,000 sqft 3 2 18 1 1 21
$379,000 1,540 6,500 - 8,000 sqft 3 2 21 4 3 21