The Reno housing market posted strong numbers in August 2026. The median sale price rose 8.5% year-over-year to $672,500, with 252 homes sold — a 5.6% decline in sales volume. Inventory is moderate at 2.4 months of supply, down 11.1% from last year. Homes are going under contract in a median of 16 days, and 21% of sales closed above asking price. Sellers received 98.5% of their list price on average. Total transaction volume reached $224.6M.
Key Metrics
September 2026 at a Glance
Median Price
$673K
▲ +8.5% YoY
Closed Sales
252
▼ -5.6% YoY
Days to Contract
16
▼ -33.3% YoY
Months Supply
2.4
▼ -11.1% YoY
List Price Recv'd
98.5%
▲ +0.2% YoY
Trends
12-Month History
Median Price
Closed Sales
Days to Contract
Price per Sq Ft
List-to-Sale Price Ratio
Months Supply
Active Inventory
New Listings
Negotiations
Over/Under Asking
21%
27%
52%
Over Asking: 21% At Asking: 27% Under Asking: 52%
47% of listings had price reductions (median reduction: $35,550). 16.6% expired or were withdrawn.
Price Distribution
Sales by Price Tier
$0-400K
8
3.2% of sales
Median: $330,000
$400-600K
82
32.5% of sales
Median: $515,000
$600-800K
75
29.8% of sales
Median: $679,000
$800K-1M
36
14.3% of sales
Median: $872,000
$1M+
51
20.2% of sales
Median: $1,537,000
Affordability
What It Costs
Est. Monthly Payment
$3,475
+10.8% from last year
Income Needed
$148,929
At 28% debt-to-income
With 20% Down
$134,500
On $672,500 median
Long-Term Trends
10-Year Price History
A home purchased at the Reno median of $300,000 in 2015 would be worth approximately $668,613 today — a 122.9% increase.
Reno home prices are up 8.5% to a $673K median. 252 homes sold last month, and they went under contract in a median of 16 days. Inventory sits at 2.4 months of supply. Want to know what your home is worth in this market? Reach out.
Hey! Reno homes are up 8.5% to $673K and selling in just 16 days. Want to know what yours is worth?
The Reno housing market posted strong numbers in August 2026. The median sale price rose 8.5% year-over-year to $672,500, with 252 homes sold — a 5.6% decline in sales volume. Inventory is moderate at 2.4 months of supply, down 11.1% from last year. Homes are going under contract in a median of 16 days, and 21% of sales closed above asking price. Sellers received 98.5% of their list price on average. Total transaction volume reached $224.6M.
