January Home Sales Report Shows Mixed Trends

Sierra Nevada Realtors released its January 2025 report on existing home sales in Carson City, along with Douglas, Lyon, Churchill, and Washoe counties, excluding Incline Village. The report details the median sales price and number of home sales across the region, sourced from the Northern Nevada Regional Multiple Listing Service.

The median sales price for single-family homes, condominiums, and townhomes across all five counties is $504,000. Since December 2024, prices have risen by 0.9 percent, but total sales have dropped sharply by 19.9 percent.

Carson City recorded 49 sales in January, a significant 33.8 percent drop from the previous month but a 25.6 percent increase from the prior year. The median sales price was $550,000, a slight 0.7 percent decrease from last month but a solid 10 percent increase from a year ago. Inventory stood at 127, down 2.3 percent from last month and 17 percent lower than last year.

Churchill County saw 14 sales, up 7.7 percent from the previous month but down 30 percent from a year ago. The median sales price fell six percent from last month to $376,000, though it remained 1.4 percent higher than last year.

Douglas County reported 29 sales, marking a 27.5 percent drop from December and a steep 39.6 percent decline from last year. The median price for an existing single-family home climbed 9.2 percent to $715,000 but was still down 10.7 percent from last year’s figure.

Lyon County had 73 sales, down 21.5 percent from last month and 2.7 percent from a year ago. The median sales price for single-family homes, townhomes, condominiums, and manufactured properties was $375,000, down 2.6 percent from December but unchanged from last year.

Washoe County, excluding Incline Village, saw 516 new listings and 364 closed sales. The median sales price was $525,000, a 3.7 percent drop from December but a 2.9 percent increase year-over-year. Inventory stood at 991, down 9.6 percent from last month but 24.2 percent higher than last year.

The numbers tell the story. Prices hold steady or rise in some areas while sales drop nearly across the board.

Fewer buyers, more inventory in some places, and less in others. The market shifts, but where it goes next, no one knows.