Sierra Nevada Realtors (SNR)released its March 2024 report on existing home sales in Storey, Lyon, Churchill, Douglas, Carson City, and Washoe counties, with median home price across the six counties at $530,000, a decrease of 0.1 percent from the previous month.
Storey County saw the highest closed sales, with five single-family homes sold in March, a 66.7 percent increase from the previous month. Meanwhile, Carson City saw the lowest decrease in closed sales, with 45 single-family homes sold in March, a drop of 11.8 percent from the previous month.
The median price of a condominium/townhome across the six counties for March increased by three percent from last month to $340,000.
“We’re seeing an increase in sold homes in our rural counties with the most activity in Churchill, Lyon, and Storey counties,” said SNR president Robert Bartshe. “The numbers show that buyers are willing to live in these areas in order to enter the market as interest rates continue to remain high. During this time, it’s important to connect with an agent to make sure you are represented in the buying process.”
Lyon County had 106 sales of existing single-family homes and manufactured properties, an increase of 30.9 percent from the previous month and a decrease of 8.6 percent from last year. The median sales price for existing manufactured and single-family residences was $391,050, an increase of 3.7 percent from last month, a 7.2 percent jump from the previous year.
Churchill County had 25 sales of existing single-family homes, an increase of 56.3 percent from the previous month and a decrease of 19.4 percent from last year. The median sales price for an existing single-family residence was $365,000, an increase of 11.6 percent from the previous month and down 19.4 percent from last year.
Douglas County had 45 sales of existing single-family homes, an increase of 9.8 percent from the previous month and a 45 percent increase from last year. The median sales price for an existing single-family residence was $590,000, a decrease of 20.8 percent from the previous month and an increase of 18.3 percent from last year.
Carson City had 45 sales of existing single-family homes, an 11.8 percent decrease from the previous month and an increase of 12.5 percent from last year. The median sales price for an existing single-family residence was $585,000, an increase of 8.3 percent from the previous month, a 30 percent increase from the year before. The existing condominium/townhome median sales price was $270,400, a decrease of 21 percent from last year.
Washoe County, excluding the area of Incline Village, saw 428 new listings and 332 closed sales. The median sales price for an existing single-family residence in Washoe County was $575,000, an increase of 4.6 percent from the previous month and an 8.9 percent rise from last year. The median sales price of an existing condominium/townhome in Washoe County was $350,000, 11.1 percent up from 2023.