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RENO, NV 89511

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

Market Analysis

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

The RENO, NV real estate market (89511) currently shows 130 active listings, with 44 pending sales. Homes are averaging 112 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 112 days on market compared to 93 days last year.

The median listing price has risen 0.3% year-over-year, from $1,950,475 to $1,956,250.

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: 29,038  ·  Density: 85.2/mi²  ·  Median household income: $114,653

Typical home value: $843,021  ·  Homeownership: 67.6%

Market Overview

Active Listings
130
⇩ 7.1% vs 140 last year
Pending
44
34% pending ratio
Median Price
$1,956,250
⇧ 0.3% vs $1,950,475 last year
Average Price
$2,130,634
⇩ 6.1% vs $2,270,240 last year
Days on Market
112
⇧ 20.4% vs 93 days last year

Price Per Square Foot

Median $/sqft
$531
⇩ 2.6% vs $545/sqft last year
Median Home Size
3,763 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 130 this year vs 140 last year
  • Days on market: 112 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $1,956,250 (+0.3% YoY)
  • Average: $2,130,634 (-6.1% 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 17.7 miles — 613 listings ($808,057,880 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89511Reno, NV 895110.0 mi129$303,858,468$1,995,000$2,355,492
96111Floriston, CA 961116.9 mi1$719,000$719,000$719,000
89523Reno, NV 895238.2 mi104$111,483,736$744,500$1,071,959
89503Reno, NV 895039.6 mi74$32,430,574$451,950$438,251
89439Verdi, NV 894399.6 mi13$13,884,884$885,000$1,068,068
89704Washoe Valley, NV 8970410.4 mi15$30,538,815$1,498,888$2,035,921
89521Reno, NV 8952111.6 mi156$140,772,528$737,225$902,388
96143Kings Beach, CA 9614312.5 mi26$86,754,304$689,000$3,336,704
96148Tahoe Vista, CA 9614814.2 mi33$43,597,125$775,000$1,321,125
89433Sun Valley, NV 8943314.4 mi15$7,438,800$472,450$495,920
96160Truckee, CA 9616016.5 mi1$2,395,000$2,395,000$2,395,000
89428Silver City, NV 8942817.3 mi3$712,500$237,500$237,500
89703Carson City, NV 8970317.7 mi43$33,472,146$637,500$778,422

Frequently Asked Questions

How many homes are for sale in RENO, NV 89511?

As of February 2026, there are 130 active listings in RENO, NV (zip code 89511), compared to 140 the prior year.

What is the median home price in RENO, NV 89511?

The median listing price in RENO, NV 89511 is $1,956,250 as of February 2026, a 0.3% increase from $1,950,475 the prior year.

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

Homes in RENO, NV 89511 spend an average of 112 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in RENO, NV 89511?

Based on current inventory and days-on-market data as of February 2026, RENO, NV 89511 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 112 days on market compared to 93 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 89511 save an estimated $39,125 compared to a typical 5% commission on the median listing price of $1,956,250. 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.