Reno - NV housing market
The Reno metro has a typical home value of $567,591, down 0.3% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($567,591) 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 down 0.3% over the past year. A home worth $569,299 last year is now worth roughly $567,591.
The median sale price , what homes actually close for , is $549,695. Homes are selling at 98.4% of list price, meaning buyers have room to negotiate.
Homes listed in Reno - NV sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 597 new listings hit the market each month in Reno - NV. There are currently 1,520 homes for sale, down 13.2% from a year ago.
The typical monthly rent in Reno - NV is $1,937, up 7.9% year over year. For investors, the price-to-rent ratio here is roughly 24x annual rent.
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.
Other metros in NV
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Las Vegas - NV | $430,838 | -2.6% | 32.0d |