Housing in Reno, NV

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$512,450

Median List Price

$569,900

Price Per Sq Ft

$310

Days on Market

67

Active Inventory

693

Months of Supply

3.7

Seller's market

Zillow Home Value

$552,392

ZHVI — January 2026

Zillow Rent Index

$1,852

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 5.1%List Price ↑ 6.5%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

18.8%

Off Market in 2 Weeks

33.5%

Sale-to-List Ratio

98.3%

Buyer's market

Sold Above Asking
18.8%
Under Contract in 2 Wks
33.5%
Listings with Price Drops
23.7%

Market Activity

Source: Redfin

Homes Sold

186

New Listings

275

Pending Sales

293

Homes Sold ↓ 6.5%New Listings ↓ 7.7%Pending ↓ 9.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$310

Median List $/SF

$334

Sale $/SF ↓ 0.6%List $/SF ↑ 3.1%Mar 24 → Jan 26

Reno vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 100,000 - 250,000 residents. Reno is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$498,600

Median Rent

$1,453

Total Housing Units

120,491

Vacancy Rate

7.0%

Owner Occupied

49.4%

Renter Occupied

50.6%

Median Property Tax

$2,252

per year

Monthly Cost (w/ Mortgage)

$1,544

Housing Types

Single Family
55.5%
Multi-Family
40.4%
Mobile Home
4.1%

The current median sale price in Reno, NV is $512,450 according to Redfin data. Homes spend a median of 67 days on the market. 18.8% of homes sold above asking price. The market has 3.7 months of supply. The median price per square foot is $310. Zillow's observed rent index is $1,852/month. About 49.4% of housing units are owner-occupied. The median year homes were built is 1989. There are 120,491 total housing units.