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

Wed Sep 26 2018
This week the median list price for Reno, NV is $485,000 with the market action index hovering around 38. This is an increase over last month's market action index of 34. Inventory has held steady at or around 985. 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

Wed Sep 26 2018
This week the median list price for Reno, NV is $485,000 with the market action index hovering around 38. This is an increase over last month's market action index of 34. Inventory has held steady at or around 985. 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 $485,000
Per Square Foot $226
Days on Market 74
Price Decreased 49%
Price Increased 4%
Relisted 5%
Inventory 985
Median House Rent $1,750
Most Expensive $13,900,000
Least Expensive $190,000
Market Action Index
Slight Seller's Advantage
38

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
$1,037,000 3,901 0.5 - 1 acre 4 3 16 23 100 140
$574,497 2,612 0.25 - 0.5 acre 4 2 16 37 119 60
$415,000 1,950 6,500 - 8,000 sqft 3 2 17 56 150 42
$309,900 1,414 6,500 - 8,000 sqft 3 2 37 43 174 55