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 May 25 2018
This week the median list price for Reno, NV is $450,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 1010. 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

Fri May 25 2018
This week the median list price for Reno, NV is $450,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 1010. 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 $450,000
Per Square Foot $221
Days on Market 81
Price Decreased 20%
Price Increased 5%
Relisted 4%
Inventory 1010
Median House Rent $1,850
Most Expensive $13,900,000
Least Expensive $75,000
Market Action Index
Slight Seller's Advantage
35

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
$1,034,750 3,915 0.5 - 1 acre 4 4 16 23 15 168
$528,944 2,515 8,000 - 10,000 sqft 4 2 15 32 24 47
$389,000 1,875 6,500 - 8,000 sqft 3 2 20 35 23 47
$285,000 1,331 6,500 - 8,000 sqft 3 2 33 37 21 64