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FERNLEY, NV 89408

Real Estate Market Report  ·  Churchill County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FERNLEY, NV real estate market (89408) currently shows 87 active listings, with 53 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has tightened compared to last year, with 28 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 36 days on market compared to 47 days last year.

The median listing price has risen 9.1% year-over-year, from $421,995 to $460,500.

Whether you are buying or selling in FERNLEY, NV, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 23,611  ·  Density: 19.6/mi²  ·  Median household income: $84,104

Typical home value: $323,602  ·  Homeownership: 72.2%

Market Overview

Active Listings
87
⇩ 24.3% vs 115 last year
Pending
53
61% pending ratio
Median Price
$460,500
⇧ 9.1% vs $421,995 last year
Average Price
$556,154
⇧ 14.8% vs $484,643 last year
Days on Market
36
⇩ 23.4% vs 47 days last year

Price Per Square Foot

Median $/sqft
$262
⇧ 5.6% vs $248/sqft last year
Median Home Size
1,778 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 87 this year vs 115 last year
  • Days on market: 36 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $460,500 (+9.1% YoY)
  • Average: $556,154 (+14.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 50.7 miles — 938 listings ($882,345,088 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89408Fernley, NV 894080.0 mi84$45,031,896$447,225$536,094
89429Silver Springs, NV 8942928.3 mi12$6,595,104$578,225$549,592
89441Sparks, NV 8944135.2 mi64$50,617,920$748,500$790,905
89403Dayton, NV 8940340.1 mi100$55,580,900$491,075$555,809
89510Reno, NV 8951040.6 mi7$8,486,219$1,300,000$1,212,317
89502Reno, NV 8950241.4 mi66$33,030,360$365,125$500,460
89506Reno, NV 8950642.5 mi149$78,199,968$516,250$524,832
89406Fallon, NV 8940643.8 mi66$39,996,594$458,625$606,009
89440Virginia City, NV 8944044.7 mi4$2,255,948$561,069$563,987
89509Reno, NV 8950945.3 mi115$137,427,070$712,500$1,195,018
89519Reno, NV 8951947.2 mi41$44,855,189$949,985$1,094,029
89523Reno, NV 8952349.1 mi100$103,285,500$756,758$1,032,855
89511Reno, NV 8951150.7 mi130$276,982,420$1,956,250$2,130,634

Frequently Asked Questions

How many homes are for sale in FERNLEY, NV 89408?

As of March 2026, there are 87 active listings in FERNLEY, NV (zip code 89408), compared to 115 the prior year.

What is the median home price in FERNLEY, NV 89408?

The median listing price in FERNLEY, NV 89408 is $460,500 as of March 2026, a 9.1% increase from $421,995 the prior year.

How long do homes stay on the market in FERNLEY, NV?

Homes in FERNLEY, NV 89408 spend an average of 36 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in FERNLEY, NV 89408?

Based on current inventory and days-on-market data as of March 2026, FERNLEY, NV 89408 is currently a Seller's Market. Inventory has tightened compared to last year, with 28 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 36 days on market compared to 47 days last year.

How much can I save on real estate commission in FERNLEY, NV?

With SELL123.com's maximum 3% commission, sellers in FERNLEY, NV 89408 save an estimated $9,210 compared to a typical 5% commission on the median listing price of $460,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.