89408 Home Values & Market Trends
There are 701 homes currently listed for 89408. 89408 real estate market trends show that home prices range from $55,000 to $2,999,999, and the median sales price in the 89408 zip code is $417,751. The total number of properties sold within the past twelve months is 697. In 89408, 33 properties are in foreclosure, 5 are bank owned properties,and 4 are headed for auction.
89408 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Fernley | $ 417,751 $ 258/sqft |
Housing Market Summary for 89408
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $390K | $399K | 2.31% |
| Median Sold Price | $403.4K | $439.8K | 9.01% |
| Homes For Sale | 530 | 688 | 29.81% |
| Homes Sold | 208 | 200 | -3.85% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 89408
Browse Homes in 89408
The median list price of a home in Fernley, is $417,751. A total of 701 properties are for sale, and the percentage of properties for sale in the zip code is 701.00%. The total count of 89408 properties is 965.
- Pre-ForeclosurePre-foreclosure homes account for 2.49% of all residential properties in 89408 with fernley containing 24 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 89408; of that cities, the estimated home value for pre-foreclosure homes ranges from $475,559 in fernley to the lowest home value of $331,326 in fernley.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 89408 ranges from the highest value of $389,987 in fernley to the lowest value of $363,900 in fernley. Bank owned homes and properties account for 0.52% of properties in 89408. There is 1 cities within 89408; fernley containing 5 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsfernley has 4 auction properties, the highest number of properties going to auction in a single city in the state of 89408. Auction homes and other auction properties account for 0.41% of all properties in 89408. There is 1 cities within 89408; of that cities, the median estimated home value for homes going to auction ranges from $551,097 in fernley to the lowest value of $397,186 in fernley.
Compare Nearby Zip Codes
More Real Estate Resources for 89408
Guide for 89408
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.