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RENO, NV 89511

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

Market Analysis

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

The RENO, NV real estate market (89511) currently shows 153 active listings, with 56 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 53 days on market compared to 78 days last year.

The median listing price has fallen 13.9% year-over-year, from $2,144,000 to $1,845,000.

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: 29,038  ·  Density: 85.2/mi²  ·  Median household income: $114,653

Typical home value: $843,021  ·  Homeownership: 67.6%

Market Overview

Active Listings
153
⇧ 4.8% vs 146 last year
Pending
56
37% pending ratio
Median Price
$1,845,000
⇩ 13.9% vs $2,144,000 last year
Average Price
$2,081,461
⇩ 10.4% vs $2,323,706 last year
Days on Market
53
⇩ 32.1% vs 78 days last year

Price Per Square Foot

Median $/sqft
$510
⇩ 7.1% vs $549/sqft last year
Median Home Size
3,518 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 153 this year vs 146 last year
  • Days on market: 53 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $1,845,000 (-13.9% YoY)
  • Average: $2,081,461 (-10.4% 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 17.7 miles — 645 listings ($769,624,661 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89511Reno, NV 895110.0 mi130$276,982,420$1,956,250$2,130,634
96111Floriston, CA 961116.9 mi1$719,000$719,000$719,000
89523Reno, NV 895238.2 mi100$103,285,500$756,758$1,032,855
89503Reno, NV 895039.6 mi74$32,699,120$449,188$441,880
89439Verdi, NV 894399.6 mi15$17,377,635$985,750$1,158,509
89704Washoe Valley, NV 8970410.4 mi13$26,336,375$1,173,250$2,025,875
89521Reno, NV 8952111.6 mi186$163,470,936$738,216$878,876
96143Kings Beach, CA 9614312.5 mi22$51,415,606$636,000$2,337,073
96148Tahoe Vista, CA 9614814.2 mi36$46,327,428$822,250$1,286,873
89433Sun Valley, NV 8943314.4 mi19$9,483,356$505,975$499,124
96160Truckee, CA 9616016.5 mi1$2,395,000$2,395,000$2,395,000
89428Silver City, NV 8942817.3 mi3$825,000$275,000$275,000
89703Carson City, NV 8970317.7 mi45$38,307,285$683,075$851,273

Frequently Asked Questions

How many homes are for sale in RENO, NV 89511?

As of March 2026, there are 153 active listings in RENO, NV (zip code 89511), compared to 146 the prior year.

What is the median home price in RENO, NV 89511?

The median listing price in RENO, NV 89511 is $1,845,000 as of March 2026, a 13.9% decrease from $2,144,000 the prior year.

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

Homes in RENO, NV 89511 spend an average of 53 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89511?

Based on current inventory and days-on-market data as of March 2026, RENO, NV 89511 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 78 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 89511 save an estimated $36,900 compared to a typical 5% commission on the median listing price of $1,845,000. 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.