Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Wed Dec 04 2024
This week the median list price for Reno, NV is $774,990 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 609. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Reno, NV

Wed Dec 04 2024
This week the median list price for Reno, NV is $774,990 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 609. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $774,990
Median Price of New Listings $595,000
Per Square Foot $353
Average Days on Market 94
Median Days on Market 63
Price Decreased 49%
Price Increased 2%
Relisted 4%
Inventory 609
Median Rent
Market Action 38
Slight Seller's Advantage

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves 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
$1,950,000 4,185 0.5 - 1 acre 4 4 22 14 18 91
$950,000 2,702 0.25 - 0.5 acre 4 3 23 9 15 63
$631,888 1,972 6,500 - 8,000 sqft 3 2.5 22 19 22 56
$465,000 1,470 6,500 - 8,000 sqft 3 2 30 29 33 63