The Reno housing market is somewhat competitive. Homes in Reno receive 2 offers on average and sell in around 41 days. The median sale price of a home in Reno was $550K last month, up 10.0% since last year. The median sale price per square foot in Reno is $312, up 8.5% since last year.
In March 2024, Reno home prices were up 10.0% compared to last year, selling for a median price of $550K. On average, homes in Reno sell after 41 days on the market compared to 67 days last year. There were 225 homes sold in March this year, down from 266 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$550,000
+10.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Reno, NV
$550,000
+10.0%
United States
To compare other locations to the Reno and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Reno's median sale price is 31% higher than the national average. Overall cost of living in Reno is 5% higher than the national average. Learn which home features in Reno add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Reno housing market?
Reno is somewhat competitive. Homes sell in 44 days.
0
100
53
Somewhat 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 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 44 days.
Hot homes
can sell for around list price and go pending in around 18 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Reno
Explore recent offers and recently sold homes in Reno
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Roy Gomm Elementary School
Public • K-6
450
Students
3 reviews
9/10
Mount Rose Elementary School
Public • PreK-8
486
Students
9 reviews
8/10
Rollan D. Melton Ellementary School
Public • PreK-5
542
Students
11 reviews
8/10
Marvin Moss Elementary School
Public • PreK-5
585
Students
10 reviews
8/10
Peavine Elementary School
Public • PreK-5
367
Students
3 reviews
Only showing 5 of
64 elementary schools.
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 Reno housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Reno.
Risk Factor
Flood Factor - Moderate
25% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Reno has a moderate risk of flooding. 12,966 properties in Reno are likely to be
severely affected
by flooding over the next 30 years. This represents 25% of all properties in Reno. Flood risk is increasing slower than the national average.
80% of properties are at risk of wildfire over the next 30 years
Fire Factor
Reno has a severe risk of wildfire. There are 69,093 properties in Reno that have some risk of being affected by wildfire over the next 30 years. This represents 80% of all properties in Reno.