Call or Text (240) SELL-123
North Valleys Northeast

RENO, NV 89506

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

Neighborhoods in ZIP 89506

North Valleys · Northeast

Market Analysis

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

The RENO, NV real estate market (89506) currently shows 148 active listings, with 87 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 38 days on market compared to 37 days last year.

The median listing price has risen 8.4% year-over-year, from $476,495 to $516,450.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for RENO, NV 89506 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
148
⇩ 5.7% vs 157 last year
Pending
87
59% pending ratio
Median Price
$516,450
⇧ 8.4% vs $476,495 last year
Average Price
$555,977
⇧ 16.1% vs $478,687 last year
Days on Market
38
⇧ 2.7% vs 37 days last year

Price Per Square Foot

Median $/sqft
$298
⇧ 4.2% vs $286/sqft last year
Median Home Size
1,725 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 148 this year vs 157 last year
  • Days on market: 38 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $516,450 (+8.4% YoY)
  • Average: $555,977 (+16.1% 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
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 29.3 miles — 999 listings ($939,621,933 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89506Reno, NV 895060.0 mi149$78,199,968$516,250$524,832
89433Sun Valley, NV 894337.6 mi19$9,483,356$505,975$499,124
89436Sparks, NV 894369.2 mi232$161,362,264$635,357$695,527
89503Reno, NV 8950311.1 mi74$32,699,120$449,188$441,880
89501Reno, NV 8950112.1 mi39$21,330,543$461,250$546,937
89509Reno, NV 8950914.1 mi115$137,427,070$712,500$1,195,018
89519Reno, NV 8951915.0 mi41$44,855,189$949,985$1,094,029
89510Reno, NV 8951016.9 mi7$8,486,219$1,300,000$1,212,317
89511Reno, NV 8951120.5 mi130$276,982,420$1,956,250$2,130,634
96111Floriston, CA 9611122.2 mi1$719,000$719,000$719,000
89521Reno, NV 8952124.1 mi186$163,470,936$738,216$878,876
89442Wadsworth, NV 8944225.3 mi2$2,349,900$1,174,950$1,174,950
89440Virginia City, NV 8944029.3 mi4$2,255,948$561,069$563,987

Frequently Asked Questions

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

As of March 2026, there are 148 active listings in RENO, NV (zip code 89506), compared to 157 the prior year.

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

The median listing price in RENO, NV 89506 is $516,450 as of March 2026, a 8.4% increase from $476,495 the prior year.

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

Homes in RENO, NV 89506 spend an average of 38 days on the market before going under contract, compared to 37 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 March 2026, RENO, NV 89506 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 38 days on market compared to 37 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 $10,329 compared to a typical 5% commission on the median listing price of $516,450. 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.