Western Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Wed Oct 23 2019
This week the median list price for Reno, NV is $514,500 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 823. 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

Wed Oct 23 2019
This week the median list price for Reno, NV is $514,500 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 823. 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 $514,500
Per Square Foot $235
Days on Market 91
Price Decreased 55%
Price Increased 4%
Relisted 5%
Inventory 823
Median House Rent $1,949
Most Expensive $14,999,000
Least Expensive $89,000
Market Action Index
Slight Seller's Advantage
41

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
$1,149,000 4,051 0.5 - 1 acre 4 3 18 10 16 157
$615,000 2,701 0.25 - 0.5 acre 4 3 18 17 23 88
$448,500 2,057 6,500 - 8,000 sqft 3 2 18 23 32 63
$326,228 1,507 6,500 - 8,000 sqft 3 2 27 32 36 56