Torry Johnson's Market Report

Reno, NV

Single-Family Homes

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



Reno, NV

Fri Feb 28 2020
This week the median list price for Reno, NV is $599,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 419. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Reno, NV

Fri Feb 28 2020
This week the median list price for Reno, NV is $599,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 419. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $599,000
Per Square Foot $242
Days on Market 116
Price Decreased 33%
Price Increased 6%
Relisted 6%
Inventory 419
Median Rent $1,950
Most Expensive $14,999,000
Least Expensive $145,300
Market Action 47
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,349,500 4,289 1 - 2.5 acres 4 4 18 8 7 225
$738,995 2,938 0.25 - 0.5 acre 4 3 15 11 7 102
$497,500 2,197 6,500 - 8,000 sqft 3 2 18 29 31 73
$324,999 1,557 6,500 - 8,000 sqft 3 2 22 20 35 63