The Sierra Nevada Realtors (SNR) released its August 2024 report on existing home sales across Storey, Lyon, Carson City, Douglas, Churchill, and Washoe counties. The report indicates that the median sales price for single-family homes across all six counties was $566,864 in August, reflecting a 1.4 percent decrease from the previous month.
However, the median sales price has increased over the past year in several counties, including Carson City, Washoe, Lyon, Churchill, Storey, and Douglas counties have seen year-over-year declines. Additionally, active inventory levels decreased from July in both Carson City and Washoe County, but there was an increase in available listings compared to August 2023.
In Storey County, only one existing single-family home sold in August, which remained unchanged from the previous month but marked a significant 66.7 percent decrease compared to last year. The median sales price for the month was $490,000, representing a 29.8 percent increase from July, though it was still 2.6 percent lower than the previous year.
Lyon County saw 86 sales of existing single-family homes and manufactured properties, an increase of 1.2 percent from the previous month, although this was 1.1 percent lower than August 2023. The median sales price for existing single-family and manufactured homes rose to $414,995, a 3.7 percent increase from the previous month and 9.2 percent higher than last year, signaling a strong housing market in the county.
In Carson City, 73 single-family homes were sold in August, a 3.9 percent decline from the previous month. Despite this, sales were up by 23.7 percent compared to last year. The median sales price rose 3.6 percent from July to $545,000, a 13.5 percent increase from August 2023. Active inventory in Carson City was at 164 homes, a slight decrease of 0.6 percent from July but an increase of 10.1 percent compared to last year.
Douglas County experienced 53 sales of existing single-family homes in August, a 7 percent drop from July and a 20.9 percent decline from last year. The median sales price in the county reached $819,900, which is 15.2 percent higher than in July but 2.4 percent lower than in August of the previous year, reflecting some variability in market conditions.
Churchill County recorded 26 home sales, a 36.8 percent increase from July but remaining unchanged year-over-year. The median sales price in Churchill County rose by 1.2 percent from July, reaching $399,890, which is 3.9 percent higher than the same period in 2023.
In Washoe County, excluding the Incline Village area, there were 378 closed sales and 511 new listings in August. The median sales price for an existing single-family residence remained stable at $610,000, showing no change from the previous month, reflecting a 6.1 percent increase from last year. Active inventory levels in Washoe County stood at 998, representing a 2.4 percent decline from July, but there was an 11.4 percent increase in available listings compared to August 2023.
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