Stewart Title's Market Report

Reno, NV

Single-Family Homes

Our Strength is Our People



Reno, NV

Wed May 22 2024
This week the median list price for Reno, NV is $848,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has increased to 400. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Reno, NV

Wed May 22 2024
This week the median list price for Reno, NV is $848,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has increased to 400. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $848,000
Median Price of New Listings $679,500
Per Square Foot $376
Average Days on Market 92
Median Days on Market 35
Price Decreased 32%
Price Increased 4%
Relisted 4%
Inventory 400
Median Rent
Market Action 48
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 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
$2,500,000 4,455 0.5 - 1 acre 4 4.5 18 4 2 105
$1,090,000 2,773 0.25 - 0.5 acre 3 3 19 15 21 35
$728,450 2,104 0.25 - 0.5 acre 3 2.5 24 18 19 21
$520,995 1,612 6,500 - 8,000 sqft 3 2 22 25 26 21