The Downtown Reno housing market is not very competitive. The median sale price of a home in Downtown Reno was $352K last month, up 40.6% since last year. The median sale price per square foot in Downtown Reno is $432, up 51.3% since last year.
What is the housing market like in Downtown Reno today?
In April 2024, Downtown Reno home prices were up 40.6% compared to last year, selling for a median price of $352K. On average, homes in Downtown Reno sell after 72 days on the market compared to 158 days last year. There were 28 homes sold in April this year, up from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$351,500
+40.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Reno, NV
$351,500
+40.6%
United States
To compare other locations to the Downtown Reno and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Reno add value to a home.
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How hot is the Downtown Reno housing market?
Downtown Reno is not very competitive. Homes sell in 73 days.
0
100
20
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 73 days.
Hot homes
can sell for about 1% below list price and go pending in around 44 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Reno housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Reno.
Risk Factor
Flood Factor - Moderate
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Reno has a moderate risk of flooding. 190 properties in Downtown Reno are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Downtown Reno. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Reno has a moderate risk of wildfire. There are 347 properties in Downtown Reno that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Downtown Reno.
Downtown Reno has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Reno has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.