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Is Fallon, NV 89406 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Fallon is a seller’s market. With about 2.8 months of supply and 26% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score53/ 100

More competitive than 54% of U.S. ZIP codes, and #13 of 100 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.8Under 4 months = seller’s market
Sold above original list25.6%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$256▲ +3.1% vs. last year

The Fallon housing market right now

In the three months ending August 31, 2026, 26% of homes in Fallon, NV 89406 sold above their list price, the typical home went under contract in 46 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (63 days then) and the median sale price rose 8% to $431,813. Overall, Fallon is more competitive than a year ago, so tougher for buyers.

On our competition score, Fallon ranks #13 of 100 NV ZIP codes with enough sales (score 53 out of 100).

Run the numbers for 89406

Prefilled for 89406Can I win this house?Multiple-offer likelihood for a listing Prefilled for 89406Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Fernley 89408Seller’s market $259 /sq ft Browse all markets →

Towns like Fallon nearby

Find towns like Fallon in other states →
Fernley, NV89408 · 26 miles away89% similarpricier homes ($37K more) Yerington, NV89447 · 39 miles away72% similarcheaper homes ($52K less) · smaller Silver Springs, NV89429 · 27 miles away39% similarcheaper homes ($48K less) · smaller

Where Fallon is

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Questions about Fallon real estate

Is Fallon a buyer’s or seller’s market?

A seller’s market: there were 2.8 months of supply in Fallon, NV 89406 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Fallon?

The typical home went under contract in 46 days in the latest three months.

Do homes in Fallon sell over asking?

26% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.

What are property taxes in Fallon?

About 0.53% of a home’s value a year in Churchill County, or roughly $2,120 on a $400,000 home.

What is the median home price in Fallon?

The median sale price was $431,813 in the three months ending August 31, 2026, about $256 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology