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

Thu Apr 26 2018
This week the median list price for Reno, NV is $459,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 901. 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

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

Thu Apr 26 2018
This week the median list price for Reno, NV is $459,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 901. 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

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 $459,000
Per Square Foot $215
Days on Market 93
Price Decreased 22%
Price Increased 7%
Relisted 4%
Inventory 901
Median House Rent $1,750
Most Expensive $13,900,000
Least Expensive $75,000
Market Action Index
Slight Seller's Advantage
34

Prices appear to be hovering around their high point. Look for a persistent down-shift 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
$1,070,000 4,128 0.5 - 1 acre 4 4 16 16 11 196
$545,000 2,629 0.25 - 0.5 acre 4 2 16 26 15 58
$394,950 1,961 6,500 - 8,000 sqft 3 2 15 31 22 56
$284,950 1,414 6,500 - 8,000 sqft 3 2 31 28 27 63