Stewart Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Fri Mar 31 2023
This week the median list price for Reno, NV is $384,450 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 100. 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

Fri Mar 31 2023
This week the median list price for Reno, NV is $384,450 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 100. 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 $384,450
Median Price of New Listings $354,500
Per Square Foot $297
Average Days on Market 86
Median Days on Market 42
Price Decreased 33%
Price Increased 1%
Relisted 2%
Inventory 100
Median Rent
Market Action 43
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
$675,000 2,210 0 - 4,500 sqft 3 2.5 20 1 1 84
$439,000 1,504 0 - 4,500 sqft 2 2.5 21 3 7 35
$299,999 1,054 0 - 4,500 sqft 2 1.5 45 6 7 56
$205,000 665 0 - 4,500 sqft 1 1 44 2 9 35