Market Intelligence Report — NV-900

Reno, NV

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NV-08
As of the latest 2026 data
Accelerated

Median Listing

$660K
+3.3% YoY

Pending Ratio

0.52
+12.2% YoY

Active Inventory

1,493
-22.6% YoY

Median DOM

51 Days
-13.6% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's accelerated Reno market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Reno, NV.

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The Reno market is currently in an Accelerated condition, driven by a pending ratio of 0.52 that reflects strong absorption of inventory. Active listings have contracted by 22.6% over the past year, indicating ongoing supply pressure.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.0%-0.4 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

578,734+0.9% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

221-29.4% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Reno market right now.

Active listings have decreased significantly by 22.6% over the past year, while new listings experienced a modest increase of 3.5% year-over-year. The pending ratio has risen by 12.2% year-over-year to 0.52, suggesting robust buyer interest relative to available properties. Median listing prices have observed a 3.3% increase over the past year, although a slight monthly decline of 2.3% was noted in the most recent data. Median days on market have fallen by 13.6% over the past year, reflecting an accelerating pace of sales.

Tara Copp
Keller Williams Realty

Local pricing and inventory dynamics across Reno shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$660K-2.3% MoM

Active Inventory

1,493-22.6% YoY

Days on Market

51-13.6% YoY

Sold Score™

72+12.2% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

72
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The contracting active inventory and declining days on market suggest that properties are being absorbed at a faster rate. This dynamic places pressure on available supply, indicating a quicker pace of transactions and less opportunity for protracted negotiations. Sellers may experience reduced holding times, while buyers face a more competitive environment for available listings.

Luxury Segment

The average listing price increased by 1.8% year-over-year, which is notably lower than the 3.3% year-over-year increase in the median listing price, and the 3.4% increase in median $/sqft. This suggests some softness at the higher price tiers, where average price growth lags the broader market and per-square-foot valuation. No other distinct luxury-segment signal in this dataset.

Supply Dynamics

1,493 active listings represent the current floor, with new supply arriving at roughly 708 per month.

Pricing Pressure
21.4%

of active listings carry a price reduction, -2.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.4% year-over-year.

Absorption
0.52

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Reno, NV? Homes here are taking 8 days less to sell than last year.

Reno, NV is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
52%
Median Days on Market
51 days
Inventory YoY
−23%

Reno, NV is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Talk to a local listing expert covering Reno, NV.

Tara Copp

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Reno, NV
CBSA Code
39900
State
NV

ZIPs in Reno, NV

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

Direct Consultation

Need a real Reno expert on the phone?

Skip the search. Our vetted local practitioners know the Reno, NV micro-markets, pricing strategy, and negotiation dynamics — and they answer the phone.

Analysis FAQ
  • What is the current market condition in Reno?+

    As of the latest 2026 data, the Reno metro is classified as Accelerated. Pending ratio is 0.52 with median days on market at 51.

  • Are home prices dropping in Reno?+

    Median listing price is $660K, +3.3% year over year. 21.4% of active listings carry a price reduction.

  • How fast are homes selling in Reno?+

    The typical listing sits 51 days on market, a -13.6% change YoY. New listings are arriving at 708 per month.

  • What's happening in the Reno luxury market?+

    The average listing price increased by 1.8% year-over-year, which is notably lower than the 3.3% year-over-year increase in the median listing price, and the 3.4% increase in median $/sqft. This suggests some softness at the higher price tiers, where average price growth lags the broader market and per-square-foot valuation. No other distinct luxury-segment signal in this dataset.

  • Where can I find a trusted Reno real estate expert?+

    Primpted maintains a vetted registry of Reno agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 39900 · 36mo history