Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Thu Dec 01 2022
This week the median list price for Reno, NV is $671,725 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 722. 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 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

Thu Dec 01 2022
This week the median list price for Reno, NV is $671,725 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 722. 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 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 $671,725
Median Price of New Listings $620,000
Per Square Foot $324
Average Days on Market 87
Median Days on Market 70
Price Decreased 63%
Price Increased 1%
Relisted 7%
Inventory 722
Median Rent
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,597,250 3,682 0.5 - 1 acre 4 3.5 19 7 14 91
$799,000 2,481 0.25 - 0.5 acre 3 2.5 20 7 19 84
$560,000 1,868 6,500 - 8,000 sqft 3 2.5 21 15 24 56
$425,000 1,428 6,500 - 8,000 sqft 3 2 33 7 27 63