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North Valleys Northeast

RENO, NV 89506

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

Neighborhoods in ZIP 89506

North Valleys · Northeast

Market Analysis

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

The RENO, NV real estate market (89506) currently shows 149 active listings, with 79 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 49 days on market compared to 57 days last year.

The median listing price has risen 11.1% year-over-year, from $464,500 to $516,250.

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: 45,383  ·  Density: 192.3/mi²  ·  Median household income: $82,606

Typical home value: $352,551  ·  Homeownership: 67.7%

Market Overview

Active Listings
149
vs 149 last year
Pending
79
53% pending ratio
Median Price
$516,250
⇧ 11.1% vs $464,500 last year
Average Price
$524,832
⇧ 9.3% vs $480,138 last year
Days on Market
49
⇩ 14% vs 57 days last year

Price Per Square Foot

Median $/sqft
$291
⇩ 0.7% vs $293/sqft last year
Median Home Size
1,779 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 49 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $516,250 (+11.1% YoY)
  • Average: $524,832 (+9.3% 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 29.3 miles — 926 listings ($912,900,844 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89506Reno, NV 895060.0 mi137$68,942,921$489,950$503,233
89433Sun Valley, NV 894337.6 mi15$7,438,800$472,450$495,920
89436Sparks, NV 894369.2 mi202$137,281,422$615,000$679,611
89503Reno, NV 8950311.1 mi74$32,430,574$451,950$438,251
89501Reno, NV 8950112.1 mi36$19,702,224$462,500$547,284
89509Reno, NV 8950914.1 mi128$141,202,944$695,000$1,103,148
89519Reno, NV 8951915.0 mi36$49,125,888$999,898$1,364,608
89510Reno, NV 8951016.9 mi5$6,123,900$1,400,000$1,224,780
89511Reno, NV 8951120.5 mi129$303,858,468$1,995,000$2,355,492
96111Floriston, CA 9611122.2 mi1$719,000$719,000$719,000
89521Reno, NV 8952124.1 mi156$140,772,528$737,225$902,388
89442Wadsworth, NV 8944225.3 mi2$2,349,900$1,174,950$1,174,950
89440Virginia City, NV 8944029.3 mi5$2,952,275$624,775$590,455

Frequently Asked Questions

How many homes are for sale in RENO, NV 89506?

As of February 2026, there are 149 active listings in RENO, NV (zip code 89506), compared to 149 the prior year.

What is the median home price in RENO, NV 89506?

The median listing price in RENO, NV 89506 is $516,250 as of February 2026, a 11.1% increase from $464,500 the prior year.

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

Homes in RENO, NV 89506 spend an average of 49 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89506?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89506 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 49 days on market compared to 57 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 89506 save an estimated $10,325 compared to a typical 5% commission on the median listing price of $516,250. 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.