Sierra Nevada Properties

Est. 1979 · Locally Owned
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Data: September 2026 Activity

October 2026 Market Minute

Single-family home market activity across Northern Nevada · Source: NNRMLS & Incline Village Board of Realtors
Fallon median up 23.6% to $445K
Fernley inventory down 50% -- tightest market
Gardnerville closed sales up 41.2% YoY
Fallon days to contract surged 220%
Lake Tahoe NV only market with price decline (-23.7%)
Fallon median up 23.6% to $445K
Fernley inventory down 50% -- tightest market
Gardnerville closed sales up 41.2% YoY
Fallon days to contract surged 220%
Lake Tahoe NV only market with price decline (-23.7%)

The Big Picture

Northern Nevada's housing market in September 2026 showed a clear theme: tight inventory driving prices higher. 8 of 9 markets posted median price gains, with Fallon leading at +23.6%. Inventory is compressed across the board -- Fernley's months supply sits at just 1.1 months (down 54.2%). The outlier is Lake Tahoe NV, the sole market to see a price correction at -23.7%.

Median Sales Price by Market
Individual Market Performance
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MarketMedian PriceClosed Sales Days to ContractInventoryMonths Supply $/Sq FtList Price Recv'd Income Needed
Months Supply of Inventory