Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Wed Jun 16 2021
This week the median list price for Reno, NV is $698,500 with the market action index hovering around 90. This is an increase over last month's market action index of 84. Inventory has increased to 217. 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

Wed Jun 16 2021
This week the median list price for Reno, NV is $698,500 with the market action index hovering around 90. This is an increase over last month's market action index of 84. Inventory has increased to 217. 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 $698,500
Median Price of New Listings $588,000
Per Square Foot $322
Average Days on Market 59
Median Days on Market 7
Price Decreased 15%
Price Increased 6%
Relisted 1%
Inventory 217
Median Rent $2,295
Market Action 90
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 significantly from here.

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
$1,845,000 4,388 1 - 2.5 acres 4 4 15 9 12 28
$852,500 2,735 0.25 - 0.5 acre 4 2 19 20 16 7
$598,500 2,068 6,500 - 8,000 sqft 3 2 26 29 30 7
$430,000 1,440 6,500 - 8,000 sqft 3 2 33 29 32 7