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An End-of-Year Reno/Sparks and Fernley Market Update

Monday, December 20, 2021   /   by Sandy Gabrielli

An End-of-Year Reno/Sparks and Fernley Market Update

Here’s your latest update for the Reno/Sparks and Fernley real estate markets.

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Today I want to give you an update on the Reno/Sparks and Fernley real estate markets. We will look at how November compared to October for these areas. 


For Reno and Sparks, the median sales price sat at $535,000, which is almost 1% less than what it was in October. There were 533 closed sales, which is down 6.5%. The active inventory was down 32% at 400 listings. 

The median days to contract, which is just how long a home is on the market, was 17 days. That's up almost 89%, so homes are taking longer to sell, but 17 days is still quick. There were only 370 new listings, which is down almost 40% from October.

For Fernley, the median sales price is $365,000
, which is up 1.5% from October. There were 53 closed sales, which is also up about 23%. The active inventory was down 14% at 74 homes on the market.


The median days to contract mirrored Reno and Sparks at 17 days. For Fernly, that was a 120% increase from last month. That’s a significant increase, but again, 17 days is not a long time. There were 49 new listings in Fernley, which is a 36.4% decrease.


Inventory is dropping in both markets, which is typical this time of year. The decrease in closed sales and increase in days on market indicates that buyer demand is slowing down.


If you have any questions about this or anything else real estate-related, please give us a call. We love to help you. Merry Christmas and happy holidays!


RE/MAX Professionals
Gabrielli Homes Team
4838 Sparks Blvd #102
Sparks, NV 89436
775-772-8097

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2022 of Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than Sandy Gabrielli - Gabrielli Homes Team / RE/MAX PROFESSIONALS are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2022 of Northern Nevada Regional MLS. All rights reserved.
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