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Northwest

RENO, NV 89523

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

Neighborhoods in ZIP 89523

Northwest

Market Analysis

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

The RENO, NV real estate market (89523) currently shows 122 active listings, with 50 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are selling faster, averaging 35 days on market compared to 47 days last year.

The median listing price has risen 18.6% year-over-year, from $685,000 to $812,450.

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.

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Market Context

Market Context

Population: 36,538  ·  Density: 747.0/mi²  ·  Median household income: $94,915

Typical home value: $512,302  ·  Homeownership: 61.0%

Market Overview

Active Listings
122
⇧ 23.2% vs 99 last year
Pending
50
41% pending ratio
Median Price
$812,450
⇧ 18.6% vs $685,000 last year
Average Price
$1,085,722
⇧ 0.4% vs $1,081,835 last year
Days on Market
35
⇩ 25.5% vs 47 days last year

Price Per Square Foot

Median $/sqft
$369
⇩ 1.6% vs $375/sqft last year
Median Home Size
2,395 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 122 this year vs 99 last year
  • Days on market: 35 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $812,450 (+18.6% YoY)
  • Average: $1,085,722 (+0.4% 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 20.7 miles — 1,192 listings ($1,450,328,905 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89523Reno, NV 895230.0 mi100$103,285,500$756,758$1,032,855
89503Reno, NV 895034.1 mi74$32,699,120$449,188$441,880
89509Reno, NV 895095.0 mi115$137,427,070$712,500$1,195,018
89512Reno, NV 895126.3 mi46$11,385,230$182,300$247,505
89431Sparks, NV 894318.7 mi62$21,590,942$331,875$348,241
89502Reno, NV 895029.1 mi66$33,030,360$365,125$500,460
89436Sparks, NV 8943612.9 mi232$161,362,264$635,357$695,527
89441Sparks, NV 8944116.2 mi64$50,617,920$748,500$790,905
89451Incline Village, NV 8945117.8 mi121$358,339,564$1,488,000$2,961,484
89704Washoe Valley, NV 8970418.4 mi13$26,336,375$1,173,250$2,025,875
96160Truckee, CA 9616019.6 mi1$2,395,000$2,395,000$2,395,000
89434Sparks, NV 8943420.3 mi49$24,449,530$437,450$498,970
96161Truckee, CA 9616120.7 mi249$487,410,030$1,106,500$1,957,470

Frequently Asked Questions

How many homes are for sale in RENO, NV 89523?

As of March 2026, there are 122 active listings in RENO, NV (zip code 89523), compared to 99 the prior year.

What is the median home price in RENO, NV 89523?

The median listing price in RENO, NV 89523 is $812,450 as of March 2026, a 18.6% increase from $685,000 the prior year.

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

Homes in RENO, NV 89523 spend an average of 35 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89523?

Based on current inventory and days-on-market data as of March 2026, RENO, NV 89523 is currently a Balanced Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are selling faster, averaging 35 days on market compared to 47 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 89523 save an estimated $16,249 compared to a typical 5% commission on the median listing price of $812,450. 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.