Is Reno, NV 89508 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Reno is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 4 months = seller’s market

Sold above original list25.6%Share of sales, last 3 months

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

Median days on market41Listing to accepted offer

Median price per sq ft$289▲ +8.2% vs. last year

Run the numbers for 89508

Prefilled for 89508Can I win this house?Multiple-offer likelihood for a listing Prefilled for 89508Over-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