Western Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Thu Sep 24 2020
This week the median list price for Reno, NV is $685,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has held steady at or around 343. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Reno, NV

Thu Sep 24 2020
This week the median list price for Reno, NV is $685,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has held steady at or around 343. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $685,000
Per Square Foot $263
Days on Market 92
Price Decreased 34%
Price Increased 9%
Relisted 2%
Inventory 343
Median Rent $2,200
Most Expensive $13,900,000
Least Expensive $155,000
Market Action 63
Strong Seller's Market

The market seems to have paused around its high point. 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
$1,365,000 4,537 0.5 - 1 acre 4 4 15 4 11 199
$799,000 3,196 0.25 - 0.5 acre 4 3 18 10 9 91
$599,000 2,335 6,500 - 8,000 sqft 3 2 22 21 28 51
$379,000 1,545 6,500 - 8,000 sqft 3 2 30 34 42 28