Tue Mar 28 2023
This week the median list price for Reno, NV is $764,500 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 366.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$764,500|
|Median Price of New Listings||$585,000|
|Per Square Foot||$331|
|Average Days on Market||107|
|Median Days on Market||70|
|Slight Seller's Advantage|
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,650,000||3,973||0.5 - 1 acre||4||4||18||8||2||126|
|$925,000||2,767||8,000 - 10,000 sqft||4||3||17||11||12||84|
|$657,499||2,056||6,500 - 8,000 sqft||3||2.5||24||17||17||42|
|$465,287||1,608||6,500 - 8,000 sqft||3||2||24||21||23||28|