Stewart Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Sat Nov 27 2021
This week the median list price for Reno, NV is $349,500 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has decreased to 66. 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

Sat Nov 27 2021
This week the median list price for Reno, NV is $349,500 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has decreased to 66. 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 $349,500
Median Price of New Listings $310,000
Per Square Foot $316
Average Days on Market 43
Median Days on Market 21
Price Decreased 33%
Price Increased 0%
Relisted 2%
Inventory 66
Median Rent $1,725
Market Action 64
Strong Seller's Market

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
$657,500 2,402 0 - 4,500 sqft 3 2.5 18 1 4 35
$417,000 1,282 0 - 4,500 sqft 2 2 17 5 5 35
$299,900 965 0 - 4,500 sqft 2 1.5 42 3 6 21
$195,000 644 0 - 4,500 sqft 1 1 43 4 6 14