Western Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Mon Jul 06 2020
This week the median list price for Reno, NV is $659,997 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 488. 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 begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Reno, NV

Mon Jul 06 2020
This week the median list price for Reno, NV is $659,997 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 488. 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 begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $659,997
Per Square Foot $256
Days on Market 94
Price Decreased 35%
Price Increased 3%
Relisted 8%
Inventory 488
Median Rent $2,100
Most Expensive $13,900,000
Least Expensive $174,500
Market Action 47
Strong Seller's Market

Prices have moved upward in the last few weeks and are nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,399,000 4,514 0.5 - 1 acre 4 4 17 14 15 174
$822,500 3,069 0.25 - 0.5 acre 4 3 18 14 15 90
$562,470 2,380 8,000 - 10,000 sqft 4 2 18 27 31 62
$384,900 1,666 4,500 - 6,500 sqft 3 2 20 34 48 50