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RENO, NV 89501

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The RENO, NV real estate market (89501) currently shows 39 active listings, with 6 pending sales. Homes are averaging 135 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 135 days on market compared to 90 days last year.

The median listing price has risen 26.2% year-over-year, from $365,624 to $461,250.

Whether you are buying or selling in RENO, NV, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,984  ·  Density: 2,632.3/mi²  ·  Median household income: $40,052

Typical home value: $383,422  ·  Homeownership: 22.0%

Market Overview

Active Listings
39
⇩ 2.5% vs 40 last year
Pending
6
15% pending ratio
Median Price
$461,250
⇧ 26.2% vs $365,624 last year
Average Price
$546,937
⇧ 23% vs $444,657 last year
Days on Market
135
⇧ 50% vs 90 days last year

Price Per Square Foot

Median $/sqft
$418
⇩ 3.5% vs $433/sqft last year
Median Home Size
1,156 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 39 this year vs 40 last year
  • Days on market: 135 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $461,250 (+26.2% YoY)
  • Average: $546,937 (+23% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.8 miles — 944 listings ($1,396,534,038 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89501Reno, NV 895010.0 mi36$19,702,224$462,500$547,284
89512Reno, NV 895122.0 mi47$14,666,726$219,900$312,058
89431Sparks, NV 894313.4 mi62$21,969,266$331,000$354,343
89502Reno, NV 895024.1 mi56$27,128,528$399,750$484,438
89523Reno, NV 895235.4 mi104$111,483,736$744,500$1,071,959
89511Reno, NV 895119.1 mi129$303,858,468$1,995,000$2,355,492
89506Reno, NV 8950612.1 mi137$68,942,921$489,950$503,233
89521Reno, NV 8952112.9 mi156$140,772,528$737,225$902,388
89434Sparks, NV 8943414.9 mi48$24,662,688$440,000$513,806
89704Washoe Valley, NV 8970417.8 mi15$30,538,815$1,498,888$2,035,921
89451Incline Village, NV 8945119.2 mi119$368,253,830$1,500,000$3,094,570
96143Kings Beach, CA 9614321.6 mi26$86,754,304$689,000$3,336,704
89402Crystal Bay, NV 8940222.8 mi9$177,800,004$15,900,000$19,755,556

Frequently Asked Questions

How many homes are for sale in RENO, NV 89501?

As of February 2026, there are 39 active listings in RENO, NV (zip code 89501), compared to 40 the prior year.

What is the median home price in RENO, NV 89501?

The median listing price in RENO, NV 89501 is $461,250 as of February 2026, a 26.2% increase from $365,624 the prior year.

How long do homes stay on the market in RENO, NV?

Homes in RENO, NV 89501 spend an average of 135 days on the market before going under contract, compared to 90 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89501?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89501 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 135 days on market compared to 90 days last year.

How much can I save on real estate commission in RENO, NV?

With SELL123.com's maximum 3% commission, sellers in RENO, NV 89501 save an estimated $9,225 compared to a typical 5% commission on the median listing price of $461,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.