January home prices edge down in Carson City to $500,000; Douglas soars to $773,817
Submitted by Jeff Munson on Tue, 02/06/2024 - 3:20pm
Sierra Nevada Realtors released Tuesday its January 2024 report on existing home sales in Carson City, Washoe, Storey, Lyon, Douglas and Churchill counties.
This report includes median sales price and the number of home sales in the region. SNR obtains its information from the Northern Nevada Regional Multiple Listing Service.
During the month of January, SNR saw:
— The median sales price for an existing single-family residence in Washoe County was $535,000, an increase of 4.9% from the previous year.
— In January 2024, Lyon County had an increase of 2.4% from the year with the median sales price of $367,500 for existing single-family stick-built homes and manufactured properties.
— In January 2024, Churchill County median sales prices was $382,500, an increase of 13% from the previous year, an increase of 4.9% from the previous month.
“The start of 2024 showed us some gains in the market compared to January 2023,” said Robert Bartshe, 2024 President of Sierra Nevada Realtors. “Median sales price for our was $501,495, an increase of 4.5%. We also saw new listings up 14.5% and closings up 14.3% compared to January 2023.”
“Median days to contract is at 41 so it’s important to have a realtor there during the process to help with scheduling showing, inspections, repairs, and just keeping the real estate transaction on track,” said Bartshe.
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, Douglas, Washoe, Storey 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, and manufactured single-family dwellings” only and do not include condominiums and townhomes.
These numbers reflect the statistics from Feb. 5 and are most accurate due to the portal numbers not locking.
Carson City
In January 2024, Carson City had 31 sales of existing single-family homes, a decrease of 13.9% from the previous month and an increase of 47.6% from last year.
The median sales price for an existing single-family residence was $500,000, a decrease of 1.5% from the previous month and a decrease of 9.1% from the previous year.
The existing condominium/townhome median sales price in January 2024 was $295,000 a decrease of 2.2% from last year.
Lyon County (Includes manufactured and single-family residences)
In January 2024, Lyon County had 68 sales of existing single-family homes and manufactured properties, a decrease of 10.5% from the previous month and an increase of 38.8% from last year.
The median sales price for existing manufactured and single-family residences was $367,500, a decrease of 7.2% from last month and an increase of 2.4% from the previous year.
Douglas County
In January 2024, Douglas County had 47 sales of existing single-family homes, an increase of 11.9% from the previous month and an increase of 62.1% from last year.
The median sales price for an existing single-family residence was $773,817, an increase of 12.3% from the previous month and an increase of 14.6% from last year.
Churchill County
In January 2024, Churchill County had 22 new listings, 15.8 percent increase from the previous month and a decrease of 4.3% from the previous year.
The median sales price for an existing single-family residence was $382,500, an increase of 4.9% from the previous month and an increase of 13% from last year.
Storey County
In January 2024, Storey County had 4 sales of existing single-family homes, an decrease of 100% from the previous month.
The median sales price for an existing single-family residence was $520,000, an increase of 13.2% from the previous month and a decrease of 23.8% from last year.
Washoe County (Excluding Incline Village)
In January 2024, Washoe County, excluding the area of Incline Village, saw 317 new listings and 245 closed sales.
The median sales price for an existing single-family residence in Washoe County was $535,000, an decrease of 5.4% from the previous month and an increase of 4.9% from last year.
The median sales price of an existing condominium/townhome in Washoe County in January 2024 was $345,000, up 7% 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 Realtors is a leading voice on the residential housing market in northern Nevada and nationally, representing more than 3,700 members.
