The Downtown Reno housing market is not very competitive. The median sale price of a home in Downtown Reno was $243K last month, down 33.6% since last year. The median sale price per square foot in Downtown Reno is $307, down 29.7% since last year.
What is the housing market like in Downtown Reno today?
In November 2025, Downtown Reno home prices were down 33.6% compared to last year, selling for a median price of $243K. On average, homes in Downtown Reno sell after 145 days on the market compared to 125 days last year. There were 18 homes sold in November this year, up from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$242,500
-33.6% YoY | Nov 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Nov 2025
Growth
% YoY
Downtown Reno, NV
$242,500
-33.6%
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Downtown Reno
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Downtown Reno housing market?
Downtown Reno is not very competitive. Homes sell in 143 days.
0
100
21
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 3% below list price and go pending in around 143 days.
Hot homes
can sell for around list price and go pending in around 62 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.
Flood Factor - Minor
We’re working on getting current and accurate flood risk information
Flood Factor
Downtown Reno has a minor risk of flooding. properties in Downtown Reno are likely to be
severely affected
by flooding over the next 30 years. This represents <1% of all properties in Downtown Reno. Flood risk is increasing at the same pace as the national average.
12% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Reno has a moderate risk of wildfire. There are 281 properties in Downtown Reno that have some risk of being affected by wildfire over the next 30 years. This represents 12% 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.