Is Reno, NV 89501 a buyer’s or seller’s market?
Reno is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Competition score12/ 100
More competitive than 6% of U.S. ZIP codes, and #96 of 100 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply4.3Under 4 months = seller’s market
Sold above original list4.3%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market112Listing to accepted offer
Median price per sq ft$352▼ −10.7% vs. last year
Run the numbers for 89501
Nearby markets
Crystal Bay 89402Buyer’s market $2,648 /sq ftIncline Village 89450Seller’s market $753 /sq ftIncline Village 89451Balanced $763 /sq ftReno 89502Seller’s market $310 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology