Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Thu Feb 29 2024
This week the median list price for Reno, NV is $815,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 333. 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

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 Feb 29 2024
This week the median list price for Reno, NV is $815,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 333. 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

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 $815,000
Median Price of New Listings $609,000
Per Square Foot $357
Average Days on Market 124
Median Days on Market 77
Price Decreased 27%
Price Increased 2%
Relisted 4%
Inventory 333
Median Rent
Market Action 42
Slight Seller's Advantage

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
$2,795,000 4,645 0.5 - 1 acre 4 4.5 18 6 8 161
$1,099,000 2,902 0.25 - 0.5 acre 4 3.5 24 9 9 91
$699,900 2,173 8,000 - 10,000 sqft 3 2.5 24 18 12 77
$505,483 1,726 6,500 - 8,000 sqft 4 2 20 22 21 21