Reno, NV Home Values & Market Trends
Real estate market trends reflect that there have been 4,770 transactions over the past year in Reno. The median value for residential home transactions that occurred over the previous year is $599,692. The number of current listings in Reno is 143, and the percentage of properties for sale in the city is 143.00%. Reno, NV currently has 80 properties in foreclosure, 8 bank owned properties, 37 properties headed for auction, and 143 properties for sale.
Reno, NV Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 89511 | $ 1,584,083 $ 438/sqft | 89512 | $ 273,104 $ 232/sqft |
| 89502 | $ 378,064 $ 282/sqft | 89519 | $ 1,508,896 $ 370/sqft |
| 89521 | $ 771,329 $ 366/sqft | 89503 | $ 522,573 $ 314/sqft |
| 89509 | $ 685,889 $ 345/sqft | 89501 | $ 349,000 $ 360/sqft |
| 89506 | $ 411,738 $ 288/sqft | 89510 | $ 1,350,000 $ 467/sqft |
| 89523 | $ 649,515 $ 388/sqft | 89595 | $ -- $ -- |
| 89508 | $ 506,011 $ 272/sqft |
Housing Market Summary for Reno, NV
| Dec 2023 | November 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $621.6K | $528.5K | -14.98% |
| Median Sold Price | $569.8K | $614.7K | 7.90% |
| Homes For Sale | 408 | 141 | -65.44% |
| Homes Sold | 3,650 | 3,702 | 1.42% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Reno, NV
Browse Homes in Reno, NV
Reno home values range from $56,727 to $8,809,870. The median estimated value of a home in Reno is $599,692. The median list price of a home is 528,500, and the total count of properties in the city is 3,959.
- Pre-ForeclosurePre-foreclosure homes account for 0.88% of all residential properties in Reno, NV with 89506 containing 9 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 13 zips within Reno, NV; of those zips, the estimated home value for pre-foreclosure homes ranges from $513,953 in 89519 to the lowest home value of $156,731 in 89506.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Reno, NV ranges from the highest value of $622,700 in 89523 to the lowest value of $187,682 in 89512. Bank owned homes and properties account for 0.20% of properties in Reno, NV. There are 13 zips within Reno, NV; 89502 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions89506 has 17 auction properties, the highest number of properties going to auction in a single zip in the state of Reno, NV. Auction homes and other auction properties account for 0.93% of all properties in Reno, NV. There are 13 zips within Reno, NV; of those zips, the median estimated home value for homes going to auction ranges from $527,711 in 89511 to the lowest value of $196,015 in 89511.
Compare Nearby Cities
More Real Estate Resources for Reno, NV
Guide for Reno, NV
