Western Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Fri Dec 06 2019
This week the median list price for Reno, NV is $264,945 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 158. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Reno, NV

Fri Dec 06 2019
This week the median list price for Reno, NV is $264,945 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 158. 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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $264,945
Per Square Foot $206
Days on Market 64
Price Decreased 42%
Price Increased 3%
Relisted 1%
Inventory 158
Median Rent $1,200
Most Expensive $695,900
Least Expensive $83,000
Market Action 44
Slight Seller's Advantage

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$405,000 1,860 0 - 4,500 sqft 3 2 16 2 6 100
$301,995 1,476 0 - 4,500 sqft 2 2 16 7 7 51
$228,250 959 0 - 4,500 sqft 2 1 40 6 8 66
$155,000 805 0 - 4,500 sqft 2 1 40 7 7 37