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RENO, NV 89508

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

Market Analysis

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

The RENO, NV real estate market (89508) currently shows 49 active listings, with 26 pending sales. Homes are averaging 55 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 taking longer to sell, averaging 55 days on market compared to 51 days last year.

The median listing price has fallen 3% year-over-year, from $563,750 to $547,058.

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: 14,596  ·  Density: 37.5/mi²  ·  Median household income: $88,341

Typical home value: $394,068  ·  Homeownership: 92.7%

Market Overview

Active Listings
49
⇧ 4.3% vs 47 last year
Pending
26
53% pending ratio
Median Price
$547,058
⇩ 3% vs $563,750 last year
Average Price
$703,688
⇧ 9.1% vs $644,714 last year
Days on Market
55
⇧ 7.8% vs 51 days last year

Price Per Square Foot

Median $/sqft
$328
⇧ 17.6% vs $279/sqft last year
Median Home Size
1,870 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 49 this year vs 47 last year
  • Days on market: 55 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $547,058 (-3% YoY)
  • Average: $703,688 (+9.1% 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 30.0 miles — 719 listings ($747,288,376 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89508Reno, NV 895080.0 mi53$35,902,253$543,169$677,401
96105Chilcoot, CA 9610513.8 mi1$532,250$532,250$532,250
89441Sparks, NV 8944114.6 mi65$51,911,535$751,737$798,639
89436Sparks, NV 8943617.1 mi202$137,281,422$615,000$679,611
89512Reno, NV 8951217.4 mi47$14,666,726$219,900$312,058
89523Reno, NV 8952318.1 mi104$111,483,736$744,500$1,071,959
89501Reno, NV 8950118.9 mi36$19,702,224$462,500$547,284
96118Loyalton, CA 9611819.8 mi9$3,021,039$340,000$335,671
89519Reno, NV 8951921.0 mi36$49,125,888$999,898$1,364,608
96129Beckwourth, CA 9612922.7 mi2$3,700,000$1,850,000$1,850,000
89511Reno, NV 8951126.2 mi129$303,858,468$1,995,000$2,355,492
96122Portola, CA 9612229.3 mi30$15,414,810$339,250$513,827
96113Herlong, CA 9611330.0 mi5$688,025$127,000$137,605

Frequently Asked Questions

How many homes are for sale in RENO, NV 89508?

As of February 2026, there are 49 active listings in RENO, NV (zip code 89508), compared to 47 the prior year.

What is the median home price in RENO, NV 89508?

The median listing price in RENO, NV 89508 is $547,058 as of February 2026, a 3% decrease from $563,750 the prior year.

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

Homes in RENO, NV 89508 spend an average of 55 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89508?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89508 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 55 days on market compared to 51 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 89508 save an estimated $10,941 compared to a typical 5% commission on the median listing price of $547,058. 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.