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RENO, NV 89506

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

Market Overview

Active Listings
137
⇩ 14.9% vs 161 last year
Pending
44
32% pending ratio
Median Price
$489,950
⇧ 4.1% vs $470,610 last year
Average Price
$503,233
⇧ 4.8% vs $480,061 last year
Days on Market
65
⇧ 10.2% vs 59 days last year

Market Context

Population: 45,383  ·  Density: 192.3/mi²  ·  Median household income: $82,606

Typical home value: $352,551  ·  Homeownership: 67.7%

Market Analysis

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

The RENO, NV real estate market (89506) currently shows 137 active listings, with 44 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 65 days on market compared to 59 days last year.

The median listing price has risen 4.1% year-over-year, from $470,610 to $489,950.

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: 137 this year vs 161 last year
  • Days on market: 65 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $489,950 (+4.1% YoY)
  • Average: $503,233 (+4.8% 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 29.3 miles — 926 listings ($912,900,844 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89506Reno, NV 895060.0 mi137$68,942,921$489,950$503,233
89433Sun Valley, NV 894337.6 mi15$7,438,800$472,450$495,920
89436Sparks, NV 894369.2 mi202$137,281,422$615,000$679,611
89503Reno, NV 8950311.1 mi74$32,430,574$451,950$438,251
89501Reno, NV 8950112.1 mi36$19,702,224$462,500$547,284
89509Reno, NV 8950914.1 mi128$141,202,944$695,000$1,103,148
89519Reno, NV 8951915.0 mi36$49,125,888$999,898$1,364,608
89510Reno, NV 8951016.9 mi5$6,123,900$1,400,000$1,224,780
89511Reno, NV 8951120.5 mi129$303,858,468$1,995,000$2,355,492
96111Floriston, CA 9611122.2 mi1$719,000$719,000$719,000
89521Reno, NV 8952124.1 mi156$140,772,528$737,225$902,388
89442Wadsworth, NV 8944225.3 mi2$2,349,900$1,174,950$1,174,950
89440Virginia City, NV 8944029.3 mi5$2,952,275$624,775$590,455

Frequently Asked Questions

How many homes are for sale in RENO, NV 89506?

As of January 2026, there are 137 active listings in RENO, NV (zip code 89506), compared to 161 the prior year.

What is the median home price in RENO, NV 89506?

The median listing price in RENO, NV 89506 is $489,950 as of January 2026, a 4.1% increase from $470,610 the prior year.

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

Homes in RENO, NV 89506 spend an average of 65 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89506?

Based on current inventory and days-on-market data as of January 2026, RENO, NV 89506 is currently a Balanced Market. Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 65 days on market compared to 59 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 89506 save an estimated $9,799 compared to a typical 5% commission on the median listing price of $489,950. 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.