First American Market Report

Reno, NV 89511

Single-Family Homes

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Reno, NV 89511

Sat Mar 02 2024
This week the median list price for Reno, NV 89511 is $2,149,999 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has decreased to 75. 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

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Reno, NV 89511

Sat Mar 02 2024
This week the median list price for Reno, NV 89511 is $2,149,999 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has decreased to 75. 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

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $2,149,999
Median Price of New Listings $967,500
Per Square Foot $506
Average Days on Market 156
Median Days on Market 126
Price Decreased 24%
Price Increased 0%
Relisted 5%
Inventory 75
Median Rent
Market Action 33
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$4,495,000 6,067 1 - 2.5 acres 4 5 13 1 1 203
$2,835,000 4,497 1 - 2.5 acres 4 4.5 18 0 3 126
$1,550,000 3,768 0.25 - 0.5 acre 4 3.5 18 1 2 154
$979,000 2,377 6,500 - 8,000 sqft 3 2.5 23 6 2 14