Reno - NV housing market

The typical home value ($573,912) is the Zillow Home Value Index for the Reno - NV metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.9% over the past year. In Reno - NV, that means a home worth $568,793 last year is now worth roughly $573,912.

The median sale price, what homes actually close for, is $576,349. Homes are selling at 98.9% of list price, meaning buyers have room to negotiate.

Homes listed in Reno - NV sit on the market for roughly 14 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 679 new listings hit the market each month in Reno - NV. There are currently 1,824 homes for sale, down 18.1% from a year ago.

The typical monthly rent in Reno - NV is $2,030, up 6.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 23.6x, renting territory (#25 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,950 a month in principal and interest, $920 more than renting before taxes, insurance and upkeep. The two break even at a 3.38% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →