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Featured local agent — Reno, NV
Sarah Mitchell
Compass Real Estate · Reno, NV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Reno, NV Housing Market & Real Estate
Housing market overview · Updated monthly ·
$583,750median sale price
How is the Reno, NV housing market right now?
The median home sale price in Reno, NV is $583,750, up 5.7% year-over-year. Homes sell in an average of 38 days with 798 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Reno a buyer's or seller's market?
Reno, NV is currently a seller's market, based on 2.4 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
326
Last 12 weeks
Days on market
38
Average pace
Active listings
798
2.4 months supply
Sale-to-list
99.1%
Below asking
What does the Reno housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $583,750 |
| Median list price | $649,990 |
| Year-over-year price change | +5.7% |
| Average days on market | 38 days |
| Active inventory | 798 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $330/sq ft |
| Homes sold (latest month) | 326 |
| New listings (latest month) | 401 |
| Listings with a price cut | 22.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Reno by property type?
How the Reno, NV market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $650,000 | $344/sq ft | 251 | 35 days |
| Condo / Co-op | $280,000 | $287/sq ft | 44 | 67 days |
| Townhouse | $421,995 | $303/sq ft | 30 | 50 days |
Source: Redfin · Updated monthly
The Reno housing market is currently classified as a seller's market with a median sale price of $583,750. Prices have risen 5.7% compared to last year, with homes spending an average of 38 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.4x provides context for how home values compare to local earning capacity.
Homes for sale in Reno
There are currently 798 homes listed for sale in Reno, Nevada. The median listing price is $650K.
Active listings
798
Homes on market
Median list price
$650K
Avg. days on market
38
Days until sale
New this week
401
Newly listed
Who lives in Reno?
Population
268,959
Median income
$78,448/yr
Median age
37.3 years
Owner-occupied
49.4%
College grads
35.7%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Reno?
Zillow home value
$576,913
Zillow rent index
$1,932/mo
Price-to-rent ratio
24.9x
Price-to-income
7.4x
Source: Zillow Research
What is it like to live in Reno?
Reno is a community of approximately 269K residents with a median age of 37.3 years.The median household income is $78,448, which reflects a relatively affluent area with strong earning potential. 35.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 49.4%, showing a blend of owner and renter-occupied properties. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Reno offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Reno?
50 schools tracked · 36,071 students
The largest public schools serving Reno, NV by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NORTH VALLEYS HIGH SCHOOL
Grades 9-12 · 2,302 students
DAMONTE RANCH HIGH SCHOOL
Grades 9-12 · 1,791 students
RENO HIGH SCHOOL
Grades 9-12 · 1,770 students
ROBERT MCQUEEN HIGH SCHOOL
Grades 9-12 · 1,737 students
EARL WOOSTER HIGH SCHOOL
Grades 9-12 · 1,483 students
GALENA HIGH SCHOOL
Grades 9-12 · 1,287 students
WILLIAM OBRIEN MIDDLE SCHOOL
Grades 6-8 · 1,056 students
Nevada Connections Academy
Grades 9-12 · 1,052 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Reno, NV?
Want a head-to-head view? Compare Reno side-by-side with any other U.S. city using our market-comparison tool.
Is Reno a good real estate investment market?
For investors evaluating Reno, the price-to-rent ratio of 24.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Reno's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Reno's median home price.
Frequently asked questions
What is the average home price in Reno?
The median home sale price in Reno is $583,750, up 5.7% from last year.
How long do homes stay on market in Reno?
Homes typically spend 38 days on market before going under contract.
What is the median income in Reno?
The median household income is $78,448 per year.
Is Reno a buyer's or seller's market?
With 2.4 months of supply, Reno is currently a seller's market.
What is the Zillow home value estimate for Reno?
The Zillow Home Value Index (ZHVI) for Reno is $576,913, representing the typical home value in the area.
What is the median condo price in Reno?
The median condo/co-op sale price in Reno, NV is $280,000, compared to $650,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Reno?
The median single-family home price in Reno, NV is $650,000 (about $344 per square foot).
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