Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Sat Nov 27 2021
This week the median list price for Reno, NV is $717,000 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has decreased to 344. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Nov 27 2021
This week the median list price for Reno, NV is $717,000 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has decreased to 344. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $717,000
Median Price of New Listings $569,900
Per Square Foot $343
Average Days on Market 56
Median Days on Market 28
Price Decreased 31%
Price Increased 2%
Relisted 1%
Inventory 344
Median Rent $2,395
Market Action 63
Strong Seller's Market

The market is 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
$1,724,500 4,033 0.5 - 1 acre 4 3.5 22 8 14 49
$850,000 2,584 0.25 - 0.5 acre 3 3 18 15 15 28
$621,250 1,904 6,500 - 8,000 sqft 3 2 20 12 20 21
$472,450 1,559 6,500 - 8,000 sqft 3 2 21 30 33 14