First Centennial Title Market Report

Reno, NV

Single-Family Homes

Reno/Sparks: 775-689-8510 | Carson/Douglas: 775-841-6580 | Incline: 775-831-8200



Reno, NV

Wed Mar 20 2019
This week the median list price for Reno, NV is $524,925 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has held steady at or around 584. Click here to stay informed with the Reno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Wed Mar 20 2019
This week the median list price for Reno, NV is $524,925 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has held steady at or around 584. Click here to stay informed with the Reno market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $524,925
Per Square Foot $238
Days on Market 110
Price Decreased 34%
Price Increased 3%
Relisted 6%
Inventory 584
Median House Rent $1,760
Most Expensive $13,900,000
Least Expensive $134,900
Market Action Index
Slight Seller's Advantage
40

The market seems to have paused around its high point. 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
$1,217,500 4,313 1 - 2.5 acres 4 4 18 3 11 207
$618,700 2,775 8,000 - 10,000 sqft 4 3 15 6 13 111
$449,000 2,075 6,500 - 8,000 sqft 3 2 14 25 29 56
$309,500 1,371 6,500 - 8,000 sqft 3 2 30 36 36 65