Western Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Thu Jan 21 2021
This week the median list price for Reno, NV is $679,500 with the market action index hovering around 65. This is less than last month's market action index of 69. Inventory has held steady at or around 194. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Reno, NV

Thu Jan 21 2021
This week the median list price for Reno, NV is $679,500 with the market action index hovering around 65. This is less than last month's market action index of 69. Inventory has held steady at or around 194. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $679,500
Per Square Foot $282
Days on Market 113
Price Decreased 21%
Price Increased 15%
Relisted 2%
Inventory 194
Median Rent $2,100
Most Expensive $13,900,000
Least Expensive $189,000
Market Action 65
Strong Seller's Market

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
$2,017,000 5,199 1 - 2.5 acres 4 4 15 5 6 267
$782,000 2,658 8,000 - 10,000 sqft 3 2 12 6 7 111
$575,000 2,176 6,500 - 8,000 sqft 3 2 23 18 10 50
$369,900 1,554 6,500 - 8,000 sqft 3 2 34 25 19 27