Lyon County, NV Home Values & Market Trends

The median home price in Lyon County, NV is $376,398.41. There were 1,893 home sales in Lyon County, NV over the past 12 months. The median residential Lyon County, NV home value for transactions over the previous year is $349,000. The number of current listings in Lyon County, NV is 147, and the percentage of properties for sale is 147.00%. The county has 31 foreclosures, 4 bank owned properties, 9 headed for auction, and 147 properties for sale.

Lyon County, NV Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Fernley

$ 399,999

$ 221/sqft

Smith

$ 750,692

$ 300/sqft

Dayton

$ 429,009

$ 262/sqft

Wellington

$ --

$ --

Yerington

$ 290,718

$ 171/sqft

Silver City

$ --

$ --

Silver Springs

$ 96,705

$ 180/sqft

Housing Market Summary for Lyon County, NV

Apr 2023March 2024Change
Median Listing Price$380K$376.1K-1.03%
Median Sold Price$383.1K$376.1K-1.83%
Homes For Sale151143-5.30%
Homes Sold822807-1.82%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lyon County, NV

Lyon County, NV home values range from $19,142 to $2,795,000. Smith is the priciest city with a median listing home price of $825,000, and Yerington is most affordable with average house prices of around $315,000.

Foreclosure
There are 7 cities within Lyon County, NV; within these cities, the median estimated home value for homes in foreclosure ranges from $409,091 in Fernley to the lowest value of $261,673 in Fernley. Foreclosure homes account for 0.00% of properties in Lyon County, NV with Fernley containing 14 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in Lyon County, NV with Fernley containing 9 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 7 cities within Lyon County, NV; of those cities, the estimated home value for pre-foreclosure homes ranges from $474,022 in Dayton to the lowest home value of $261,750 in Fernley.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lyon County, NV ranges from the highest value of $0 in Fernley to the lowest value of $409,091 in Wellington. Bank owned homes and properties account for 0.02% of properties in Lyon County, NV. There are 7 cities within Lyon County, NV; Silver Springs containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Dayton has 5 auction properties, the highest number of properties going to auction in a single city in the state of Lyon County, NV. Auction homes and other auction properties account for 0.04% of all properties in Lyon County, NV. There are 7 cities within Lyon County, NV; of those cities, the median estimated home value for homes going to auction ranges from $663,442 in Dayton to the lowest value of $261,673 in Dayton.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.63% of residential properties in Lyon County, NV with Fernley containing 60 homes for sale, the highest number of listed properties in a single city. There are 7 cities within Lyon County, NV; homes for sale in those cities, have a range of median values from $935,000 in Smith to the lowest value of $45,841 in Silver Springs.
    Sold Homes
    The median value for recently sold homes ranges from $1,088,322 in Wellington to the lowest price of $36,022 in Wellington. There are 7 cities within Lyon County, NV. Fernley has 357 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.98% of properties in Lyon County, NV.

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      Guide for Lyon County, NV

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      Reno’s Real Estate Market Posts Mixed Trends as Property Values Dip but Purchasing Activity Remains High in Early 2024
      Pennsylvania|posted 17 April 2024

      Reno’s real estate market shows shifting trends for property values and average sale prices, with notable discrepancies in listing volumes and properties sold, suggesting a fluid market for potential investors.

      Henderson Real Estate Market Report March 2024
      Pennsylvania|posted 4 March 2024

      Henderson’s real estate market, from March 2023 to February 2024, demonstrates adjusting property values, consistent demand, and the significance of when to list or sell properties.

      Reno Real Estate Market Shows Year-Over-Year Growth Despite Monthly Fluctuations – January 2024 Report
      Pennsylvania|posted 5 February 2024

      The Reno real estate market exhibits fluctuating trends, with an overall annual increase in property values, especially in value per square foot. Other cities present diverse price trends, and foreclosure data outlines consistency in distressed property values. Current listing prices, higher than recent transaction values, indicate potential growth expectations.

      A Review of Las Vegas Housing Trends, 2023
      Nevada|posted 19 January 2024

      Las Vegas saw a decrease in average property values and a stable per square foot value, suggesting a nuanced and evolving investment landscape in 2023.