Photo: Trevor Bexon · CC BY 2.03,131 homes sold in Reno in the last year, at a typical $553K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Reno homes are listed.
Every place Reno homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Reno.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
14% of Reno’s sales are condos, at $345K less than a house
2347 houses and 427 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 2347 sold in 12 months
- Per square foot
- $335NV $269
- Days to sell
- 52
- Sold over asking
- 21%
- Listings with a price cut
- 26%
typical sale · 427 sold in 12 months
- Per square foot
- $291NV $246
- Days to sell
- 80
- Sold over asking
- 14%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 48 sold, typical $725K
Townhouses: 309 sold, typical $410K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
3,131 sales in the last year, against 4,541 in 2017 and a low of 2,914 in 2023. The typical sale went from $287K in 2016 to $553K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Reno
Check a listing against what Reno homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Reno are rarer than before the pandemic, but 19% fewer homes come up for sale
We read every month of Reno’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 3,131 sales.
If you’re buying in Reno
- Shop in August. It brings about 431 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- You can negotiate. 25% of listings have cut their price, against 20% before the pandemic.
- Bid near asking. Buyers paid 98.6% of the list price on average; 20% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 56 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 476 a month), but April is the most competitive: 35% of April sales close over asking. July and August offer nearly as much choice with fewer homes bid up (30%). January has the least competition (23%) but only about 276 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Nevada as a whole
| Reno now | 2017–19 | 2021 peak | NV now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 20% | 25% | 51% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 40% | 62% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 20% | 14% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 98.6% | 98.7% | 101.4% | 98% |
| Days to sellMedian days from listing to contract | 56 | 60 | 31 | 63 |
866 homes for sale on a typical day
That’s 1.4 times the 2021 low (598), 19% fewer than in 2017–19 and well under 2012’s 1359.
1 in 4 listings has cut its price
25% in the last year, against 20% in 2017–19 and 25% across Nevada. More sellers are pricing high and coming down.
Since 2019, houses are up 52%, condos 35%
A house typically sold for $615K in the last year (2347 sales), a condo for $270K (427).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Reno ranks 16th of 34 busy Nevada markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Reno is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Reno home costs about $3,083 a month
Price: Reno’s typical sale, last 12 months. Property tax at Reno’s 0.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Reno is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 188.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $553K home, about $2,380 a year.
Taxes vs. neighborsSchools
The schools grade for Reno, from test results, graduation and how much students grow.
Schools in RenoCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Sparks, Lemmon Valley and Cold Springs sell for less a square foot
The busier markets within 25 miles of Reno, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Reno | 3,131 | $553K | $323 | 20% | 56 |
| Sparks | 1,461 | $519K | $291 | 21% | 52 |
| Cold Springs | 158 | $473K | $274 | 39% | 57 |
| Sun Valley | 81 | $439K | $318 | 30% | 51 |
| Lemmon Valley | 63 | $480K | $311 | 21% | 66 |
| Golden Valley | 25 | $667K | $321 | 8% | 122 |
| Verdi | 25 | $1.2M | $402 | 24% | 63 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Reno, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Reno. People who follow the town see it, and so do people comparing Reno with their own town. No commission, no listing fee.
Questions about buying a home in Reno
What do homes sell for in Reno, NV?
3,131 homes sold in the year to May 2026 at a typical $553K, $323 a square foot. Houses sold for about $615K, condos for about $270K.
Is Reno a buyer’s or seller’s market?
A seller’s market: 798 homes were for sale in May 2026 and 326 sold, about 2.4 months of supply. Buyers paid 98.6% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Reno?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Reno?
About 0.4% of a home’s value a year. On a $553K home that’s near $2,380.
Where can I see homes for sale in Reno?
Zillow, Redfin, Realtor.com and Homes.com all carry Reno’s MLS listings; the search links above open each one filtered to Reno.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).