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Powning Addition

RENO, NV 89501

Real Estate Market Report  ·  Washoe County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
36
⇩ 5.3% vs 38 last year
Pending
2
6% pending ratio
Median Price
$462,500
⇧ 7.7% vs $429,250 last year
Average Price
$547,284
⇧ 18.2% vs $462,841 last year
Days on Market
122
⇧ 24.5% vs 98 days last year

Market Context

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

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

Market Analysis

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

The RENO, NV real estate market (89501) currently shows 36 active listings, with 2 pending sales. Homes are averaging 122 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 122 days on market compared to 98 days last year.

The median listing price has risen 7.7% year-over-year, from $429,250 to $462,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 38 last year
  • Days on market: 122 now vs 98 last year

Median & Average Pricing

Year over Year
  • Median: $462,500 (+7.7% YoY)
  • Average: $547,284 (+18.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.8 miles — 944 listings ($1,396,534,038 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89501Reno, NV 895010.0 mi36$19,702,224$462,500$547,284
89512Reno, NV 895122.0 mi47$14,666,726$219,900$312,058
89431Sparks, NV 894313.4 mi62$21,969,266$331,000$354,343
89502Reno, NV 895024.1 mi56$27,128,528$399,750$484,438
89523Reno, NV 895235.4 mi104$111,483,736$744,500$1,071,959
89511Reno, NV 895119.1 mi129$303,858,468$1,995,000$2,355,492
89506Reno, NV 8950612.1 mi137$68,942,921$489,950$503,233
89521Reno, NV 8952112.9 mi156$140,772,528$737,225$902,388
89434Sparks, NV 8943414.9 mi48$24,662,688$440,000$513,806
89704Washoe Valley, NV 8970417.8 mi15$30,538,815$1,498,888$2,035,921
89451Incline Village, NV 8945119.2 mi119$368,253,830$1,500,000$3,094,570
96143Kings Beach, CA 9614321.6 mi26$86,754,304$689,000$3,336,704
89402Crystal Bay, NV 8940222.8 mi9$177,800,004$15,900,000$19,755,556

Frequently Asked Questions

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

As of January 2026, there are 36 active listings in RENO, NV (zip code 89501), compared to 38 the prior year.

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

The median listing price in RENO, NV 89501 is $462,500 as of January 2026, a 7.7% increase from $429,250 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 98 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 January 2026, RENO, NV 89501 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 122 days on market compared to 98 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 $9,250 compared to a typical 5% commission on the median listing price of $462,500. 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.