Reno - NV housing market
The Reno metro has a typical home value of $574,245, up 0.4% from a year ago. Homes are moving fast at 11 days on market, a strong seller's market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($574,245) 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 0.4% over the past year. In Reno - NV, that means a home worth $571,957 last year is now worth roughly $574,245.
The median sale price , what homes actually close for , is $567,886. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Reno - NV sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.
About 23.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 701 new listings hit the market each month in Reno - NV. There are currently 1,761 homes for sale, down 16.1% from a year ago.
The typical monthly rent in Reno - NV is $2,004, up 6.5% 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 | $430,436 | -2.9% | 31.0d |