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RENO, NV 89503

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

Market Overview

Active Listings
74
⇧ 15.6% vs 64 last year
Pending
25
34% pending ratio
Median Price
$451,950
⇧ 19.7% vs $377,500 last year
Average Price
$438,251
⇧ 14.1% vs $384,142 last year
Days on Market
59
⇩ 20.3% vs 74 days last year

Market Context

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

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

Market Analysis

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

The RENO, NV real estate market (89503) currently shows 74 active listings, with 25 pending sales. Homes are averaging 59 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 59 days on market compared to 74 days last year.

The median listing price has risen 19.7% year-over-year, from $377,500 to $451,950.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 74 this year vs 64 last year
  • Days on market: 59 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $451,950 (+19.7% YoY)
  • Average: $438,251 (+14.1% 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 23.2 miles — 809 listings ($779,453,197 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89503Reno, NV 895030.0 mi74$32,430,574$451,950$438,251
89512Reno, NV 895122.2 mi47$14,666,726$219,900$312,058
89519Reno, NV 895194.0 mi36$49,125,888$999,898$1,364,608
89431Sparks, NV 894314.8 mi62$21,969,266$331,000$354,343
89502Reno, NV 895025.9 mi56$27,128,528$399,750$484,438
89436Sparks, NV 894368.9 mi202$137,281,422$615,000$679,611
89506Reno, NV 8950611.1 mi137$68,942,921$489,950$503,233
96111Floriston, CA 9611112.8 mi1$719,000$719,000$719,000
89434Sparks, NV 8943416.3 mi48$24,662,688$440,000$513,806
89704Washoe Valley, NV 8970418.9 mi15$30,538,815$1,498,888$2,035,921
89451Incline Village, NV 8945119.7 mi119$368,253,830$1,500,000$3,094,570
89428Silver City, NV 8942822.6 mi3$712,500$237,500$237,500
96118Loyalton, CA 9611823.2 mi9$3,021,039$340,000$335,671

Frequently Asked Questions

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

As of January 2026, there are 74 active listings in RENO, NV (zip code 89503), compared to 64 the prior year.

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

The median listing price in RENO, NV 89503 is $451,950 as of January 2026, a 19.7% increase from $377,500 the prior year.

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

Homes in RENO, NV 89503 spend an average of 59 days on the market before going under contract, compared to 74 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 January 2026, RENO, NV 89503 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 59 days on market compared to 74 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 $9,039 compared to a typical 5% commission on the median listing price of $451,950. 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.