Storey County Sees Drop in Home Sales and Prices

In July 2024, Storey County experienced a dramatic decline in single-family home sales and prices.

The county recorded only one sale of an existing single-family home, a staggering 80 percent decrease from the previous year and no change from last month. The median sales price for an existing single-family residence in Storey County dropped to $377,450, marking a 20.5 percent decrease from the prior month.

In contrast, Carson City’s real estate market showed more activity. The city saw 75 sales of existing single-family homes in July, reflecting a 47.1 percent increase from the previous month and a 23 percent rise from the same time last year. Despite this surge in sales, the median sales price for these homes fell to $527,405, a decrease of 5.8 percent from June, though it increased by 3.8 percent from the previous year. The median sales price for existing condominiums and townhomes in Carson City also decreased to $300,000, down 2.5 percent from June and 6.3 percent from the year before.

Washoe County, excluding Incline Village, saw 549 new listings and 434 closed sales. The median sales price for existing single-family residences in Washoe County rose to $607,500, a 1.3 percent increase from June and a 6.6 percent increase from the previous year. The median sales price for existing condominiums and townhomes in Washoe County was $362,500, reflecting an 8.2 percent increase from the prior month and a 9.8 percent rise from the previous year.

Lyon County’s market showed mixed trends. The county had 106 sales of existing single-family homes and manufactured properties in July, a 4.5 percent decrease from June but a 2.9 percent increase from the previous year. The median sales price for these properties was $386,845, an increase of 3.2 percent from June and a decrease of 0.6 percent from last year.

Douglas County experienced a 19.1 percent increase in sales from June, though it remained 11.1 percent lower than the previous year. The median sales price for existing single-family residences rose to $760,325, a 5.6 percent increase from June.

Churchill County reported 19 sales, a 9.5 percent decrease from June but an 18.8 percent increase from the previous year. The median sales price was $395,000, down six percent from the prior month but up 21.5 percent from the previous year.