Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Thu Mar 28 2024
This week the median list price for Reno, NV is $822,500 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 326. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Reno, NV

Thu Mar 28 2024
This week the median list price for Reno, NV is $822,500 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 326. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $822,500
Median Price of New Listings $665,000
Per Square Foot $373
Average Days on Market 121
Median Days on Market 56
Price Decreased 31%
Price Increased 2%
Relisted 3%
Inventory 326
Median Rent
Market Action 45
Strong Seller's Market

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
$2,749,500 4,505 0.5 - 1 acre 4 4.5 18 6 4 168
$1,100,000 2,990 0.25 - 0.5 acre 4 3 23 13 12 56
$699,000 1,964 8,000 - 10,000 sqft 3 2 26 19 12 42
$515,000 1,693 6,500 - 8,000 sqft 3 2 20 17 23 28