Reno, NV metro area Housing Market
Cool MarketComprehensive housing market data for the Reno, NV metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$566K
↑ 2.8% YoY
Days on Market
58 days
↑ 20.8% YoY
Active Inventory
1,440
↓ 10.2% YoY
Homes Sold
544
↑ 9.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Reno, NV metro area Market Summary
The Reno, NV metro area housing market is cooling down. As of March 2026, the median home sale price is $566K, up 2.8% year-over-year. Homes are spending a median of 58 days on the market, 20.8% longer than a year ago.
There are 1,440 homes for sale — 10.2% fewer than last year. With 2.6 months of supply, this is a seller's market. 750 new listings were added during this period, up 2.7% year-over-year.
Homes are selling for 98.8% of their list price on average, suggesting room for negotiation. 22.6% of homes sell above their asking price. 19.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
vs. Nevada Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage.
Reno, NV metro area Market Trends
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Detailed Market Metrics
Median List Price
$620K
Price per Sq Ft
$315
Sale-to-List Ratio
98.8%
Months of Supply
2.6
Sold Above List
22.6%
Price Drops
19.4%
New Listings
750
↑ 2.7% YoY
Pending Sales
705
Off Market in 2 Weeks
43.3%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.