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 Dec 14 2018
This week the median list price for Reno, NV is $475,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 837. 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

Fri Dec 14 2018
This week the median list price for Reno, NV is $475,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 837. 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 $475,000
Per Square Foot $223
Days on Market 103
Price Decreased 51%
Price Increased 4%
Relisted 5%
Inventory 837
Median House Rent $1,800
Most Expensive $13,900,000
Least Expensive $135,000
Market Action Index
Slight Seller's Advantage
40

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
$1,150,000 4,098 0.5 - 1 acre 4 4 16 5 11 173
$567,995 2,616 8,000 - 10,000 sqft 4 3 14 14 16 91
$414,900 1,979 6,500 - 8,000 sqft 3 2 17 25 18 63
$305,950 1,432 6,500 - 8,000 sqft 3 2 37 18 28 87