Carson City median home prices up 9.5 percent in February to $547,475; Lyon County, $376K
Submitted by Jeff Munson on Tue, 03/12/2024 - 8:43am
Sierra Nevada Realtors released Tuesday its February 2024 report on existing home sales in Carson City, Washoe, Storey, Lyon, Douglas, and Churchill counties. This report includes the median sales price and number of home sales in the region. SNR obtains its information from the Northern Nevada Regional Multiple Listing Service.
February Market Highlights:
An increase in median price for single-family homes across Washoe, Carson City, and Lyon counties, with prices decreasing in Churchill County, Storey County, and Douglas County.
Carson City saw the largest percent increase in closed sales, a 54.8 percent increase from the previous month and an increase of 60 percent from last year.
Washoe and Carson City counties both saw increases in the existing condominium/townhome median sales price
“As we head into the Spring season, we expect to see home prices temporarily rise as it becomes easier for sellers to do home tours and as buyers feel more eager to see homes in person,” said SNR president Robert Bartshe. “With talk of interest rates coming down as well, it’s not surprising to see more interest in the northern Nevada housing market.”
For more market insights, click here.
For 2024, it’s important to know that members of the Sierra Nevada Realtors can help buyers and sellers learn what programs might be right for them. More information, divided by county, is provided below. Sales numbers in Carson City, Washoe, Storey, Douglas, and Churchill counties are for existing “stick-built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes unless otherwise stated. Sales numbers for Lyon County include existing “stick-built, single-family dwellings” only and do not include condominiums or townhomes, however, it does include manufactured homes.
These numbers reflect the statistics from March 8, 2024 and are most accurate due to the portal numbers not locking. For the most updated statistics, please contact SNR.
Carson City
In February 2024, Carson City had 48 sales of existing single-family homes, a 54.8 percent increase from the previous month and an increase of 60 percent from last year.
The median sales price for an existing single-family residence was $547,475, an increase of 9.5 percent from the previous month and an increase of 10.8 percent from the previous year.
The existing condominium/townhome median sales price in February 2024 was $285,000, an increase of 26.7% from last year.
Lyon County (Includes manufactured and single-family residences)
In February 2024, Lyon County had 80 sales of existing single-family homes and manufactured properties, an increase of 9.6% from the previous month and a decrease of 2.4% from last year.
The median sales price for existing manufactured and single-family residences were $376,000, an increase of 0.3% from last month and an increase of 0.3% from the previous year.
Douglas County
In February 2024, Douglas County had 41 sales of existing single-family homes, a decrease of 2.4% from the previous month and an increase of 41.4% from last year.
The median sales price for an existing single-family residence was $744,900, a decrease of 2.4% from the previous month and an increase of 41.4% from last year.
Washoe County (Excluding Incline Village)
In February 2024, Washoe County, excluding the area of Incline Village, saw 343 new listings and 298 closed sales.
The median sales price for an existing single-family residence in Washoe County was $549,950, an increase of 2.8% from the previous month and an increase of 6.8% from last year.
The median sales price of an existing condominium/townhome in Washoe County in February 2024 was $335,000, 11.2 percent up from last year.
Churchill County
In February 2024, Churchill County had 18 sales of existing single-family homes, a decrease of 10 percent from the previous month and a decrease of 18.2 percent from last year.
The median sales price for an existing single-family residence was $322,250, down 13.1 percent from the previous month and down 0.5 percent from last year.
Storey County
In February 2024, Storey County had 3 sales of existing single-family homes, down 40 percent from the previous month and down 50 percent from last year.
The median sales price for an existing single-family residence was $485,000, a decrease of 4.9 percent from the previous month and an increase of 10.9 percent from last year.
Sierra Nevada Realtors is a realtor association serving six northern Nevada counties including Carson City, Churchill, Douglas, Lyon, and Washoe Counties. The unified Sierra Nevada Realtors is a leading voice on the residential housing market in northern Nevada and nationally, representing more than 3,700 members.
