Call or Text (240) SELL-123

RENO, NV 89502

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The RENO, NV real estate market (89502) currently shows 66 active listings, with 25 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 41 days on market compared to 63 days last year.

The median listing price has risen 22.1% year-over-year, from $299,000 to $365,125.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for RENO, NV 89502 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 46,412  ·  Density: 835.1/mi²  ·  Median household income: $58,228

Typical home value: $340,482  ·  Homeownership: 34.3%

Market Overview

Active Listings
66
⇩ 21.4% vs 84 last year
Pending
25
38% pending ratio
Median Price
$365,125
⇧ 22.1% vs $299,000 last year
Average Price
$500,460
⇧ 40.1% vs $357,298 last year
Days on Market
41
⇩ 34.9% vs 63 days last year

Price Per Square Foot

Median $/sqft
$314
⇧ 8.7% vs $289/sqft last year
Median Home Size
1,220 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 84 last year
  • Days on market: 41 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $365,125 (+22.1% YoY)
  • Average: $500,460 (+40.1% 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 22.3 miles — 1,065 listings ($1,020,914,873 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89502Reno, NV 895020.0 mi56$27,128,528$399,750$484,438
89501Reno, NV 895014.1 mi36$19,702,224$462,500$547,284
89512Reno, NV 895125.0 mi47$14,666,726$219,900$312,058
89519Reno, NV 895196.1 mi36$49,125,888$999,898$1,364,608
89436Sparks, NV 894368.5 mi202$137,281,422$615,000$679,611
89521Reno, NV 895219.2 mi156$140,772,528$737,225$902,388
89434Sparks, NV 8943411.8 mi48$24,662,688$440,000$513,806
89441Sparks, NV 8944113.3 mi65$51,911,535$751,737$798,639
89506Reno, NV 8950614.9 mi137$68,942,921$489,950$503,233
89704Washoe Valley, NV 8970416.1 mi15$30,538,815$1,498,888$2,035,921
89451Incline Village, NV 8945118.9 mi119$368,253,830$1,500,000$3,094,570
89403Dayton, NV 8940321.4 mi95$52,025,515$489,450$547,637
89508Reno, NV 8950822.3 mi53$35,902,253$543,169$677,401

Frequently Asked Questions

How many homes are for sale in RENO, NV 89502?

As of February 2026, there are 66 active listings in RENO, NV (zip code 89502), compared to 84 the prior year.

What is the median home price in RENO, NV 89502?

The median listing price in RENO, NV 89502 is $365,125 as of February 2026, a 22.1% increase from $299,000 the prior year.

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

Homes in RENO, NV 89502 spend an average of 41 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89502?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89502 is currently a Seller's Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 41 days on market compared to 63 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 89502 save an estimated $7,303 compared to a typical 5% commission on the median listing price of $365,125. 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.