The housing market in Gardnerville Ranchos continues to see strong price appreciation, with values up 39.9% compared to last year. Home prices have increased 23.8% in the past month alone. At the current sales pace, it would take over 10.7 months to sell all available homes in Gardnerville Ranchos, indicating an oversupplied market. Homes are now taking an average of 139 days to sell, significantly longer than the 66 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Gardnerville Ranchos market with the affordability index at 282.5. Based on current market indicators, home prices in Gardnerville Ranchos are projected to decrease by approximately 12.5% over the next month.