The number of home sales increased in April, while the median sales price for existing single-family homes experienced a decline from the previous month, according to the latest data from Sierra Nevada Realtors.
“As we transition from spring to summer months, it is evident that the local housing market is heating up,” said SNR President Robert Bartshe. “Home prices have increased from this time last year; however, it is a great time to enter the market. We encourage individuals considering real estate transactions to seek guidance from a local agent for informed decision-making in this dynamic market environment.”
In April, Storey County saw four sales of existing single-family homes, a 20 percent decrease from March but a 33.3 percent increase from April 2023. The median sales price rose to $595,000, an 8.2 percent increase from the previous month and a 42 percent increase from last year.
Lyon County reported 90 sales of existing single-family homes and manufactured properties in April, a 17.4 percent decrease from March and an 8.2 percent decrease from last year. The median sales price for these properties was $380,500, a 3.5 percent decrease from March but an 8.7 percent increase from April 2023.
Carson City recorded 51 sales of existing single-family homes in April, marking a 10.9 percent increase from March and the same period last year. However, the median sales price dropped to $495,000, representing a 12.8 percent decrease from March but a 3.8 percent increase from April 2023. The median sales price for existing condominiums and townhomes in Carson City rose significantly to $424,000, a 32.5 percent increase from last year.
Douglas County had 61 sales of existing single-family homes in April, a 35.6 percent increase from March but a 7.6 percent decrease from last year. The median sales price rose to $661,000, a 12 percent increase from the previous month and a 27.1% increase from April 2023.
Churchill County reported 23 sales of existing single-family homes in April, an 8 percent decrease from March and a 14.8 percent decrease from last year. The median sales price increased to $385,000, a 5.5 percent rise from the previous month and a 13.9 percent increase from last year.
Washoe County, excluding Incline Village, saw 499 new listings and 373 closed sales in April. The median sales price for existing single-family homes was $565,000, a 1.7 percent decrease from March but a 4.6 percent increase from April 2023. The median sales price for existing condominiums and townhomes was $365,820, a 16.1 percent increase from last year.
The Sierra Nevada Realtors report also indicated that housing prices continue to rise across northern Nevada. The median home price for the region was $535,000 for April, a 1 percent increase from March. Home prices were up in all six regions compared to last year, and listings increased in all areas except Storey County.
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