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RENO, NV 89501

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The RENO, NV real estate market (89501) currently shows 40 active listings, with 6 pending sales. Homes are averaging 122 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 122 days on market compared to 91 days last year.

The median listing price has risen 18.2% year-over-year, from $370,000 to $437,500.

Whether you are buying or selling in RENO, NV, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,984  ·  Density: 2,632.3/mi²  ·  Median household income: $40,052

Typical home value: $383,422  ·  Homeownership: 22.0%

Market Overview

Active Listings
40
⇩ 2.4% vs 41 last year
Pending
6
15% pending ratio
Median Price
$437,500
⇧ 18.2% vs $370,000 last year
Average Price
$512,942
⇧ 16.9% vs $438,720 last year
Days on Market
122
⇧ 34.1% vs 91 days last year

Price Per Square Foot

Median $/sqft
$400
⇩ 7.4% vs $432/sqft last year
Median Home Size
1,144 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 41 last year
  • Days on market: 122 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $437,500 (+18.2% YoY)
  • Average: $512,942 (+16.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.8 miles — 992 listings ($1,337,278,048 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89501Reno, NV 895010.0 mi39$21,330,543$461,250$546,937
89512Reno, NV 895122.0 mi46$11,385,230$182,300$247,505
89431Sparks, NV 894313.4 mi62$21,590,942$331,875$348,241
89502Reno, NV 895024.1 mi66$33,030,360$365,125$500,460
89523Reno, NV 895235.4 mi100$103,285,500$756,758$1,032,855
89511Reno, NV 895119.1 mi130$276,982,420$1,956,250$2,130,634
89506Reno, NV 8950612.1 mi149$78,199,968$516,250$524,832
89521Reno, NV 8952112.9 mi186$163,470,936$738,216$878,876
89434Sparks, NV 8943414.9 mi49$24,449,530$437,450$498,970
89704Washoe Valley, NV 8970417.8 mi13$26,336,375$1,173,250$2,025,875
89451Incline Village, NV 8945119.2 mi121$358,339,564$1,488,000$2,961,484
96143Kings Beach, CA 9614321.6 mi22$51,415,606$636,000$2,337,073
89402Crystal Bay, NV 8940222.8 mi9$167,461,074$11,900,000$18,606,786

Frequently Asked Questions

How many homes are for sale in RENO, NV 89501?

As of March 2026, there are 40 active listings in RENO, NV (zip code 89501), compared to 41 the prior year.

What is the median home price in RENO, NV 89501?

The median listing price in RENO, NV 89501 is $437,500 as of March 2026, a 18.2% increase from $370,000 the prior year.

How long do homes stay on the market in RENO, NV?

Homes in RENO, NV 89501 spend an average of 122 days on the market before going under contract, compared to 91 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89501?

Based on current inventory and days-on-market data as of March 2026, RENO, NV 89501 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 122 days on market compared to 91 days last year.

How much can I save on real estate commission in RENO, NV?

With SELL123.com's maximum 3% commission, sellers in RENO, NV 89501 save an estimated $8,750 compared to a typical 5% commission on the median listing price of $437,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.