Stewart Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Thu Dec 01 2022
This week the median list price for Reno, NV is $359,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 171. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Reno, NV

Thu Dec 01 2022
This week the median list price for Reno, NV is $359,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 171. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $359,000
Median Price of New Listings $287,000
Per Square Foot $298
Average Days on Market 82
Median Days on Market 56
Price Decreased 59%
Price Increased 1%
Relisted 1%
Inventory 171
Median Rent
Market Action 37
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$607,250 1,975 0 - 4,500 sqft 3 2.5 17 0 5 73
$406,500 1,414 0 - 4,500 sqft 2 2.5 21 2 3 42
$300,000 1,080 0 - 4,500 sqft 2 1.5 44 3 7 49
$209,000 770 0 - 4,500 sqft 1 1 43 2 4 56