ICYM: Carson City median home price $543,975 in May, up nearly 10 percent
Submitted by Jeff Munson on Sat, 06/15/2024 - 11:09am
Sierra Nevada Realtors on Monday released its May 2024 report on existing home sales in Washoe, Storey, Lyon, Douglas, and Churchill counties, along with Carson City.
This report includes the median sales price and number of home sales in the region. SNR obtains its information from the Northern Nevada Regional Multiple Listing Service.
May housing market highlights include:
The median sales price for a single-family home has increased since last month in Washoe and Lyon County, as well as Carson City, but decreased in Churchill, Storey, and Douglas Counties.
The housing market currently has 9.7 percent more active inventory available across all six regions compared to last month.
There have been 632 closed sales across all six regions combined, which is 8.6 percent more than the month prior
“Understanding the dynamics of our local housing market is crucial for buyers and sellers,” said SNR president Robert Bartshe. “With the summer months beginning and the market heating up, it's important to consult with a local realtor. This will ensure you are equipped with the expertise and resources to guide you through the complexities of the market, providing you with invaluable insights and support.”
For more market insights, click here.
For 2024, it’s important to know that members of the Sierra Nevada Realtors can help buyers and sellers learn what programs might be right for them.
More information, divided by county, is provided below. Sales numbers in Carson City, Washoe, Storey, Douglas, and Churchill counties are for existing “stick-built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes unless otherwise stated. Sales numbers for Lyon County include existing “stick-built, single-family dwellings” only and do not include condominiums or townhomes, however, it does include manufactured homes.
Note, these numbers reflect the statistics from June 5, 2024 and are most accurate due to the portal numbers not locking. For the most updated statistics, please contact SNR.
Carson City
In May 2024, Carson City had 46 sales of existing single-family homes, a 9.8% decrease from the previous month and a 9.8% increase from last year.
The median sales price for an existing single-family residence was $543,975, an increase of 9.9% from the previous month and an increase of 14% from the previous year.
The existing condominium/townhome median sales price in May 2024 was $305,000, a decrease of 28.1% from last month and a decrease of 3.2% from last year.
Lyon County (Includes manufactured and single-family residences)
In May 2024, Lyon County had 116 sales of existing single-family homes and manufactured properties, an increase of 28.9% from the previous month and a decrease of 1.7% from last year.
The median sales price for existing manufactured and single-family residences was $399,9950, an increase of 5.1% from last month and an increase of 9.9% from the previous year.
Douglas County
In May 2024, Douglas County had 45 sales of existing single-family homes, a decrease of 26.2% from the previous month and a decrease of 29.7% from last year.
The median sales price for an existing single-family residence was $615,000, a decrease of 7% from the previous month and an increase of 16.6% from last year.
Churchill County
In May 2024, Churchill County had 24 sales of existing single-family homes, an increase of 4.3% from the previous month and a decrease of 22.6% from last year. %5
The median sales price for an existing single-family residence was $351,000, a decrease of 8.8% from the previous month and down 2.5% from last year.
Storey County
In May 2024, Storey County had 5 sales of existing single-family homes, up 25% from the previous month and from last year.
The median sales price for an existing single-family residence was $555,000, a decrease of 6.7% from the previous month and a decrease of 10.2% from last year.
Washoe County (Excluding Incline Village)
In May 2024, Washoe County, excluding the area of Incline Village, saw 562 new listings and 418 closed sales.
The median sales price for an existing single-family residence in Washoe County was $587,000, a decrease of 3.9% from the previous month and an increase of 5.8% from last year.
The median sales price of an existing condominium/townhome in Washoe County in May 2024 was $363,000, down 0.8% from last month and 5.6% up from last year.
Sierra Nevada Realtors is a Realtor association serving six northern Nevada counties including Carson City, Churchill, Douglas, Lyon, and Washoe counties. The unified Sierra Nevada Realtor is a leading voice on the residential housing market in northern Nevada and nationally, representing more than 3,700 members.
