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

Sun Aug 19 2018
This week the median list price for Reno, NV is $459,900 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 1255. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Reno, NV

Sun Aug 19 2018
This week the median list price for Reno, NV is $459,900 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 1255. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $459,900
Per Square Foot $225
Days on Market 73
Price Decreased 35%
Price Increased 4%
Relisted 4%
Inventory 1255
Median House Rent $1,770
Most Expensive $13,900,000
Least Expensive $75,000
Market Action Index
Slight Seller's Advantage
34

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
$1,049,000 3,803 0.5 - 1 acre 4 3 15 29 14 137
$544,450 2,491 0.25 - 0.5 acre 4 2 16 40 29 56
$398,000 1,843 6,500 - 8,000 sqft 3 2 20 40 35 45
$293,450 1,412 6,500 - 8,000 sqft 3 2 32 46 40 55