Is Reno, NV 89502 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Reno is a seller’s market. With about 2.3 months of supply and 21% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.3Under 4 months = seller’s market

Sold above original list21%Share of sales, last 3 months

Median sale-to-list98.7%Sold price ÷ list price

Median days on market46Listing to accepted offer

Median price per sq ft$310▼ −3.6% vs. last year

Run the numbers for 89502

Prefilled for 89502Can I win this house?Multiple-offer likelihood for a listing Prefilled for 89502Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Crystal Bay 89402Buyer’s market $2,648 /sq ft Incline Village 89450Seller’s market $753 /sq ft Incline Village 89451Balanced $763 /sq ft Reno 89501Balanced $352 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology