The Reno housing market posted strong numbers in June 2026. The median sale price rose 5.6% year-over-year to $710,000, with 335 homes sold — a 12.4% jump in sales volume. Inventory remains tight at 1.7 months of supply, down 32% from last year. Homes are going under contract in a median of 6 days, and 26% of sales closed above asking price. Sellers received 99.1% of their list price on average. Total transaction volume reached $290.7M.
Key Metrics
July 2026 at a Glance
Median Price
$710K
▲ +5.6% YoY
Closed Sales
335
▲ +12.4% YoY
Days to Contract
6
▼ -60% YoY
Months Supply
1.7
▼ -32% YoY
List Price Recv'd
99.1%
▲ +0.6% 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
26%
23%
52%
Over Asking: 26% At Asking: 23% Under Asking: 52%
47% of listings had price reductions (median reduction: $30,000). 4% expired or were withdrawn.
Price Distribution
Sales by Price Tier
$0-400K
9
2.7% of sales
Median: $372,000
$400-600K
109
32.5% of sales
Median: $515,000
$600-800K
97
29% of sales
Median: $710,000
$800K-1M
39
11.6% of sales
Median: $855,000
$1M+
81
24.2% of sales
Median: $1,380,000
Affordability
What It Costs
Est. Monthly Payment
$3,586
+3.1% from last year
Income Needed
$153,686
At 28% debt-to-income
With 20% Down
$142,000
On $710,000 median
Long-Term Trends
10-Year Price History
A home purchased at the Reno median of $299,000 in 2015 would be worth approximately $660,000 today — a 120.7% increase.
Reno's median home price just hit $710K — up 5.6% from last year. Homes are moving in 6 days and 26% sold over asking price. With just 1.7 months of inventory, this market is competitive. Thinking about your next move? Let's talk.
Hey! Reno homes are up 5.6% to $710K and selling in just 6 days. Want to know what yours is worth?
The Reno housing market posted strong numbers in June 2026. The median sale price rose 5.6% year-over-year to $710,000, with 335 homes sold — a 12.4% jump in sales volume. Inventory remains tight at 1.7 months of supply, down 32% from last year. Homes are going under contract in a median of 6 days, and 26% of sales closed above asking price. Sellers received 99.1% of their list price on average. Total transaction volume reached $290.7M.
