Torry Johnson's Market Report

Reno, NV

Single-Family Homes

775.790.4637 | tjohnson@chaseinternational.com | www.torryjohnson.com



Reno, NV

Tue Jan 21 2020
This week the median list price for Reno, NV is $539,900 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 513. Click here to stay informed with the Reno market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Reno, NV

Tue Jan 21 2020
This week the median list price for Reno, NV is $539,900 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 513. Click here to stay informed with the Reno market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $539,900
Per Square Foot $235
Days on Market 118
Price Decreased 37%
Price Increased 4%
Relisted 4%
Inventory 513
Median Rent $1,995
Most Expensive $14,999,000
Least Expensive $149,900
Market Action 42
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,271,997 4,135 0.5 - 1 acre 4 4 17 6 10 224
$651,947 2,705 0.25 - 0.5 acre 4 3 18 15 17 106
$439,900 2,076 6,500 - 8,000 sqft 3 2 17 20 29 81
$324,195 1,532 6,500 - 8,000 sqft 3 2 25 31 30 60