Western Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Mon Nov 30 2020
This week the median list price for Reno, NV is $659,850 with the market action index hovering around 67. This is less than last month's market action index of 68. Inventory has held steady at or around 261. 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

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

Mon Nov 30 2020
This week the median list price for Reno, NV is $659,850 with the market action index hovering around 67. This is less than last month's market action index of 68. Inventory has held steady at or around 261. 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

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 $659,850
Per Square Foot $274
Days on Market 100
Price Decreased 28%
Price Increased 11%
Relisted 2%
Inventory 261
Median Rent $2,000
Most Expensive $13,900,000
Least Expensive $199,000
Market Action 67
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
$1,650,000 4,880 1 - 2.5 acres 5 4 16 3 7 220
$799,000 2,765 0.25 - 0.5 acre 3 3 16 5 11 108
$580,000 2,288 6,500 - 8,000 sqft 4 2 23 16 17 40
$379,450 1,522 6,500 - 8,000 sqft 3 2 40 21 27 31