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RENO, NV 89508

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

Market Analysis

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

The RENO, NV real estate market (89508) currently shows 48 active listings, with 24 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 31 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 45 days on market compared to 41 days last year.

The median listing price has risen 4.4% year-over-year, from $550,527 to $574,900.

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: 14,596  ·  Density: 37.5/mi²  ·  Median household income: $88,341

Typical home value: $394,068  ·  Homeownership: 92.7%

Market Overview

Active Listings
48
⇩ 39.2% vs 79 last year
Pending
24
50% pending ratio
Median Price
$574,900
⇧ 4.4% vs $550,527 last year
Average Price
$783,209
⇧ 28.9% vs $607,650 last year
Days on Market
45
⇧ 9.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$320
⇧ 15.9% vs $276/sqft last year
Median Home Size
1,911 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 79 last year
  • Days on market: 45 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $574,900 (+4.4% YoY)
  • Average: $783,209 (+28.9% 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 30.0 miles — 745 listings ($726,837,949 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89508Reno, NV 895080.0 mi49$34,480,712$547,058$703,688
96105Chilcoot, CA 9610513.8 mi1$580,000$580,000$580,000
89441Sparks, NV 8944114.6 mi64$50,617,920$748,500$790,905
89436Sparks, NV 8943617.1 mi232$161,362,264$635,357$695,527
89512Reno, NV 8951217.4 mi46$11,385,230$182,300$247,505
89523Reno, NV 8952318.1 mi100$103,285,500$756,758$1,032,855
89501Reno, NV 8950118.9 mi39$21,330,543$461,250$546,937
96118Loyalton, CA 9611819.8 mi7$2,287,761$336,250$326,823
89519Reno, NV 8951921.0 mi41$44,855,189$949,985$1,094,029
96129Beckwourth, CA 9612922.7 mi2$3,700,000$1,850,000$1,850,000
89511Reno, NV 8951126.2 mi130$276,982,420$1,956,250$2,130,634
96122Portola, CA 9612229.3 mi29$15,298,080$324,000$527,520
96113Herlong, CA 9611330.0 mi5$672,330$134,000$134,466

Frequently Asked Questions

How many homes are for sale in RENO, NV 89508?

As of April 2026, there are 48 active listings in RENO, NV (zip code 89508), compared to 79 the prior year.

What is the median home price in RENO, NV 89508?

The median listing price in RENO, NV 89508 is $574,900 as of April 2026, a 4.4% increase from $550,527 the prior year.

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

Homes in RENO, NV 89508 spend an average of 45 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89508?

Based on current inventory and days-on-market data as of April 2026, RENO, NV 89508 is currently a Balanced Market. Inventory has tightened compared to last year, with 31 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 41 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 89508 save an estimated $11,498 compared to a typical 5% commission on the median listing price of $574,900. 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.