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RENO, NV 89509

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 (89509) currently shows 115 active listings, with 40 pending sales. Homes are averaging 98 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 98 days on market compared to 82 days last year.

The median listing price has risen 7.5% year-over-year, from $662,500 to $712,500.

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: 36,048  ·  Density: 1,577.4/mi²  ·  Median household income: $78,362

Typical home value: $624,984  ·  Homeownership: 52.8%

Market Overview

Active Listings
115
⇧ 2.7% vs 112 last year
Pending
40
35% pending ratio
Median Price
$712,500
⇧ 7.5% vs $662,500 last year
Average Price
$1,195,018
⇧ 65.4% vs $722,704 last year
Days on Market
98
⇧ 19.5% vs 82 days last year

Price Per Square Foot

Median $/sqft
$345
⇧ 0.6% vs $343/sqft last year
Median Home Size
2,005 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 115 this year vs 112 last year
  • Days on market: 98 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $712,500 (+7.5% YoY)
  • Average: $1,195,018 (+65.4% 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 20.6 miles — 715 listings ($842,116,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89509Reno, NV 895090.0 mi128$141,202,944$695,000$1,103,148
89501Reno, NV 895012.2 mi36$19,702,224$462,500$547,284
89512Reno, NV 895124.2 mi47$14,666,726$219,900$312,058
89523Reno, NV 895235.0 mi104$111,483,736$744,500$1,071,959
89511Reno, NV 895117.0 mi129$303,858,468$1,995,000$2,355,492
89439Verdi, NV 894398.9 mi13$13,884,884$885,000$1,068,068
96111Floriston, CA 9611111.5 mi1$719,000$719,000$719,000
89506Reno, NV 8950614.1 mi137$68,942,921$489,950$503,233
89704Washoe Valley, NV 8970415.8 mi15$30,538,815$1,498,888$2,035,921
89440Virginia City, NV 8944016.4 mi5$2,952,275$624,775$590,455
96143Kings Beach, CA 9614319.5 mi26$86,754,304$689,000$3,336,704
89706Carson City, NV 8970620.3 mi21$11,508,126$477,500$548,006
89508Reno, NV 8950820.6 mi53$35,902,253$543,169$677,401

Frequently Asked Questions

How many homes are for sale in RENO, NV 89509?

As of February 2026, there are 115 active listings in RENO, NV (zip code 89509), compared to 112 the prior year.

What is the median home price in RENO, NV 89509?

The median listing price in RENO, NV 89509 is $712,500 as of February 2026, a 7.5% increase from $662,500 the prior year.

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

Homes in RENO, NV 89509 spend an average of 98 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89509?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89509 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 98 days on market compared to 82 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 89509 save an estimated $14,250 compared to a typical 5% commission on the median listing price of $712,500. 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.