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Northeast West University

RENO, NV 89503

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

Neighborhoods in ZIP 89503

Northeast · West University

Market Analysis

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

The RENO, NV real estate market (89503) currently shows 74 active listings, with 32 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54 days on market compared to 71 days last year.

The median listing price has risen 14.5% year-over-year, from $392,450 to $449,188.

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: 30,446  ·  Density: 1,903.7/mi²  ·  Median household income: $61,099

Typical home value: $406,300  ·  Homeownership: 44.6%

Market Overview

Active Listings
74
⇧ 2.8% vs 72 last year
Pending
32
43% pending ratio
Median Price
$449,188
⇧ 14.5% vs $392,450 last year
Average Price
$441,880
⇧ 12.5% vs $392,656 last year
Days on Market
54
⇩ 23.9% vs 71 days last year

Price Per Square Foot

Median $/sqft
$309
⇧ 6.6% vs $290/sqft last year
Median Home Size
1,299 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 74 this year vs 72 last year
  • Days on market: 54 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $449,188 (+14.5% YoY)
  • Average: $441,880 (+12.5% 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 23.2 miles — 809 listings ($779,453,197 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89503Reno, NV 895030.0 mi74$32,430,574$451,950$438,251
89512Reno, NV 895122.2 mi47$14,666,726$219,900$312,058
89519Reno, NV 895194.0 mi36$49,125,888$999,898$1,364,608
89431Sparks, NV 894314.8 mi62$21,969,266$331,000$354,343
89502Reno, NV 895025.9 mi56$27,128,528$399,750$484,438
89436Sparks, NV 894368.9 mi202$137,281,422$615,000$679,611
89506Reno, NV 8950611.1 mi137$68,942,921$489,950$503,233
96111Floriston, CA 9611112.8 mi1$719,000$719,000$719,000
89434Sparks, NV 8943416.3 mi48$24,662,688$440,000$513,806
89704Washoe Valley, NV 8970418.9 mi15$30,538,815$1,498,888$2,035,921
89451Incline Village, NV 8945119.7 mi119$368,253,830$1,500,000$3,094,570
89428Silver City, NV 8942822.6 mi3$712,500$237,500$237,500
96118Loyalton, CA 9611823.2 mi9$3,021,039$340,000$335,671

Frequently Asked Questions

How many homes are for sale in RENO, NV 89503?

As of February 2026, there are 74 active listings in RENO, NV (zip code 89503), compared to 72 the prior year.

What is the median home price in RENO, NV 89503?

The median listing price in RENO, NV 89503 is $449,188 as of February 2026, a 14.5% increase from $392,450 the prior year.

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

Homes in RENO, NV 89503 spend an average of 54 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89503?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89503 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 54 days on market compared to 71 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 89503 save an estimated $8,984 compared to a typical 5% commission on the median listing price of $449,188. 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.