Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Sun Dec 03 2023
This week the median list price for Reno, NV is $799,950 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 474. 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

Sun Dec 03 2023
This week the median list price for Reno, NV is $799,950 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 474. 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 $799,950
Median Price of New Listings $629,000
Per Square Foot $348
Average Days on Market 104
Median Days on Market 70
Price Decreased 51%
Price Increased 3%
Relisted 3%
Inventory 474
Median Rent
Market Action 39
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
$2,172,000 4,305 1 - 2.5 acres 4 4.5 18 3 6 98
$1,077,500 2,877 0.25 - 0.5 acre 4 3 24 4 11 105
$662,000 2,094 8,000 - 10,000 sqft 3 2.5 23 11 9 56
$469,000 1,637 6,500 - 8,000 sqft 3 2 20 9 13 35