Reno - NV housing market
The Reno metro has a typical home value of $570,546, down 0.0% from a year ago. Homes are moving fast at 12 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($570,546) 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 0.0% over the past year. In Reno - NV, that means a home worth $570,546 last year is now worth roughly $570,546.
The median sale price , what homes actually close for , is $563,526. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.
Homes listed in Reno - NV sit on the market for roughly 12 days before going pending. Shorter = seller's market; longer = buyer's market.
About 21.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 700 new listings hit the market each month in Reno - NV. There are currently 1,659 homes for sale, down 14.5% from a year ago.
The typical monthly rent in Reno - NV is $1,978, up 6.2% 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 | $430,650 | -2.7% | 30.0d |