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Northeast West University

RENO, NV 89503

Real Estate Market Report  ·  Washoe County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 89503

Northeast · West University

Market Analysis

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

The RENO, NV real estate market (89503) currently shows 77 active listings, with 34 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 37 days on market compared to 38 days last year.

The median listing price has risen 11.3% year-over-year, from $390,950 to $434,950.

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: 30,446  ·  Density: 1,903.7/mi²  ·  Median household income: $61,099

Typical home value: $406,300  ·  Homeownership: 44.6%

Market Overview

Active Listings
77
⇩ 11.5% vs 87 last year
Pending
34
44% pending ratio
Median Price
$434,950
⇧ 11.3% vs $390,950 last year
Average Price
$438,331
⇧ 13.7% vs $385,653 last year
Days on Market
37
⇩ 2.6% vs 38 days last year

Price Per Square Foot

Median $/sqft
$307
⇧ 3.7% vs $296/sqft last year
Median Home Size
1,294 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 77 this year vs 87 last year
  • Days on market: 37 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $434,950 (+11.3% YoY)
  • Average: $438,331 (+13.7% 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 23.2 miles — 864 listings ($796,080,303 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89503Reno, NV 895030.0 mi74$32,699,120$449,188$441,880
89512Reno, NV 895122.2 mi46$11,385,230$182,300$247,505
89519Reno, NV 895194.0 mi41$44,855,189$949,985$1,094,029
89431Sparks, NV 894314.8 mi62$21,590,942$331,875$348,241
89502Reno, NV 895025.9 mi66$33,030,360$365,125$500,460
89436Sparks, NV 894368.9 mi232$161,362,264$635,357$695,527
89506Reno, NV 8950611.1 mi149$78,199,968$516,250$524,832
96111Floriston, CA 9611112.8 mi1$719,000$719,000$719,000
89434Sparks, NV 8943416.3 mi49$24,449,530$437,450$498,970
89704Washoe Valley, NV 8970418.9 mi13$26,336,375$1,173,250$2,025,875
89451Incline Village, NV 8945119.7 mi121$358,339,564$1,488,000$2,961,484
89428Silver City, NV 8942822.6 mi3$825,000$275,000$275,000
96118Loyalton, CA 9611823.2 mi7$2,287,761$336,250$326,823

Frequently Asked Questions

How many homes are for sale in RENO, NV 89503?

As of March 2026, there are 77 active listings in RENO, NV (zip code 89503), compared to 87 the prior year.

What is the median home price in RENO, NV 89503?

The median listing price in RENO, NV 89503 is $434,950 as of March 2026, a 11.3% increase from $390,950 the prior year.

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

Homes in RENO, NV 89503 spend an average of 37 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89503?

Based on current inventory and days-on-market data as of March 2026, RENO, NV 89503 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 38 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 89503 save an estimated $8,699 compared to a typical 5% commission on the median listing price of $434,950. 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.