Stewart Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Mon Jun 21 2021
This week the median list price for Reno, NV is $355,000 with the market action index hovering around 80. This is less than last month's market action index of 84. Inventory has decreased to 65. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Mon Jun 21 2021
This week the median list price for Reno, NV is $355,000 with the market action index hovering around 80. This is less than last month's market action index of 84. Inventory has decreased to 65. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $355,000
Median Price of New Listings $250,000
Per Square Foot $300
Average Days on Market 40
Median Days on Market 21
Price Decreased 18%
Price Increased 2%
Relisted 2%
Inventory 65
Median Rent $1,595
Market Action 80
Strong Seller's Market

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
$474,000 1,259 0 - 4,500 sqft 2 2 7 0 4 63
$392,500 1,340 0 - 4,500 sqft 2 2 41 4 7 14
$319,750 1,017 0 - 4,500 sqft 2 2 41 6 10 14
$190,000 770 0 - 4,500 sqft 2 1 43 7 10 14