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: January 2026
Median Sale Price
$529K
– 0.0% YoY
Days on Market
69 days
↓ 12.7% YoY
Active Inventory
1,343
↓ 7.2% YoY
Homes Sold
372
↓ 2.9% 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 January 2026, the median home sale price is $529K, down 0.0% year-over-year. Homes are spending a median of 69 days on the market, 12.7% shorter than a year ago.
There are 1,343 homes for sale — 7.2% fewer than last year. With 3.6 months of supply, this is a seller's market. 502 new listings were added during this period, down 6.9% year-over-year.
Homes are selling for 98.3% of their list price on average, suggesting room for negotiation. 19.6% of homes sell above their asking price. 23.3% 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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Reno, NV metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$565K
Price per Sq Ft
$308
Sale-to-List Ratio
98.3%
Months of Supply
3.6
Sold Above List
19.6%
Price Drops
23.3%
New Listings
502
↓ 6.9% YoY
Pending Sales
570
Off Market in 2 Weeks
30.5%
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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.