Western Title's Market Report

Reno, NV

Condos/Townhomes

Our Strength is Our People



Reno, NV

Sat Sep 21 2019
This week the median list price for Reno, NV is $298,950 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 194. 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 Sep 21 2019
This week the median list price for Reno, NV is $298,950 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 194. 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 $298,950
Per Square Foot $230
Days on Market 50
Price Decreased 34%
Price Increased 2%
Relisted 1%
Inventory 194
Median Apartment Rent $1,219
Most Expensive $4,250,000
Least Expensive $99,000
Market Action Index
Strong Seller's Market
45

The market appears to be 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
$484,950 2,055 0 - 4,500 sqft 3 2 25 3 2 67
$329,534 1,339 0 - 4,500 sqft 2 2 14 10 6 47
$265,888 1,150 0 - 4,500 sqft 2 2 35 8 3 50
$170,000 805 0 - 4,500 sqft 2 1 40 10 9 38