Reno, NV Home Values & Market Trends
Real estate market trends reflect that there have been 6,020 transactions over the past year in Reno. The median value for residential home transactions that occurred over the previous year is $617,090. The number of current listings in Reno is 6,294, and the percentage of properties for sale in the city is 6294.00%. Reno, NV currently has 99 properties in foreclosure, 24 bank owned properties, 15 properties headed for auction, and 6,294 properties for sale.
Reno, NV Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 89506 | $ 460,027 $ 288/sqft | 89508 | $ 498,145 $ 288/sqft |
| 89521 | $ 748,035 $ 354/sqft | 89512 | $ 403,477 $ 294/sqft |
| 89523 | $ 689,708 $ 366/sqft | 89519 | $ 899,950 $ 386/sqft |
| 89511 | $ 1,450,000 $ 473/sqft | 89501 | $ 519,900 $ 393/sqft |
| 89509 | $ 749,788 $ 362/sqft | 89510 | $ 889,383 $ 372/sqft |
| 89503 | $ 484,882 $ 312/sqft | 89595 | $ -- $ -- |
| 89502 | $ 463,889 $ 331/sqft |
Housing Market Summary for Reno, NV
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $596K | $609.8K | 2.32% |
| Median Sold Price | $589.7K | $584.7K | -0.85% |
| Homes For Sale | 4,089 | 6,213 | 51.94% |
| Homes Sold | 2,439 | 2,291 | -6.07% |
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 $87,383 to $10,950,000. The median estimated value of a home in Reno is $617,090. The median list price of a home is 607,620.245, and the total count of properties in the city is 8,743.
- Pre-ForeclosurePre-foreclosure homes account for 0.69% of all residential properties in Reno, NV with 89506 containing 17 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 $591,433 in 89519 to the lowest home value of $179,900 in 89512.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Reno, NV ranges from the highest value of $794,400 in 89523 to the lowest value of $113,925 in 89512. Bank owned homes and properties account for 0.27% of properties in Reno, NV. There are 13 zips within Reno, NV; 89521 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions89506 has 7 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 0.17% 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 $570,539 in 89509 to the lowest value of $353,437 in 89509.
Compare Nearby Cities
More Real Estate Resources for Reno, NV
Guide for Reno, NV
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
