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

Fri Sep 20 2019
This week the median list price for Reno, NV is $509,888 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 915. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Reno, NV

Fri Sep 20 2019
This week the median list price for Reno, NV is $509,888 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 915. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Reno market.
Median List Price $509,888
Per Square Foot $234
Days on Market 80
Price Decreased 55%
Price Increased 2%
Relisted 5%
Inventory 915
Median House Rent $1,950
Most Expensive $14,999,000
Least Expensive $186,900
Market Action Index
Slight Seller's Advantage
41

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
$1,125,000 4,005 0.5 - 1 acre 4 3 18 6 15 148
$599,900 2,641 0.25 - 0.5 acre 4 3 18 18 28 72
$449,000 2,055 6,500 - 8,000 sqft 3 2 16 23 26 55
$329,900 1,514 6,500 - 8,000 sqft 3 2 32 47 44 46