The Reno housing market posted strong numbers in May 2026. The median sale price rose 5.6% year-over-year to $671,000, with 334 homes sold — a 21.9% jump in sales volume. Inventory remains tight at 1.6 months of supply, down 73.3% from last year. Homes are going under contract in a median of 44 days, and 28% of sales closed above asking price. Sellers received 99.1% of their list price on average. Total transaction volume reached $285.8M.
Key Metrics
June 2026 at a Glance
Median Price
$671K
▲ +5.6% YoY
Closed Sales
334
▲ +21.9% YoY
Days to Contract
44
▼ -10.2% YoY
Months Supply
1.6
▼ -73.3% YoY
List Price Recv'd
99.1%
▲ +0.5% YoY
Trends
12-Month History
Median Price
Closed Sales
Days to Contract
Price per Sq Ft
List-to-Sale Price Ratio
Months Supply
Active Inventory
New Listings
Negotiations
Over/Under Asking
28%
28%
44%
Over Asking: 28% At Asking: 28% Under Asking: 44%
41% of listings had price reductions (median reduction: $34,000). 7% expired or were withdrawn.
Price Distribution
Sales by Price Tier
$0-400K
10
3% of sales
Median: $345,000
$400-600K
119
35.6% of sales
Median: $514,900
$600-800K
95
28.4% of sales
Median: $699,900
$800K-1M
42
12.6% of sales
Median: $875,000
$1M+
68
20.4% of sales
Median: $1,475,000
Affordability
What It Costs
Est. Monthly Payment
$3,382
+2% from last year
Income Needed
$144,943
At 28% debt-to-income
With 20% Down
$134,200
On $671,000 median
Long-Term Trends
10-Year Price History
A home purchased at the Reno median of $297,000 in 2015 would be worth approximately $650,000 today — a 118.9% increase.
Reno's median home price just hit $671K — up 5.6% from last year. Homes are moving in 44 days and 28% sold over asking price. With just 1.6 months of inventory, this market is competitive. Thinking about your next move? Let's talk.
Hey! Reno homes are up 5.6% to $671K and selling in just 44 days. Want to know what yours is worth?
The Reno housing market posted strong numbers in May 2026. The median sale price rose 5.6% year-over-year to $671,000, with 334 homes sold — a 21.9% jump in sales volume. Inventory remains tight at 1.6 months of supply, down 73.3% from last year. Homes are going under contract in a median of 44 days, and 28% of sales closed above asking price. Sellers received 99.1% of their list price on average. Total transaction volume reached $285.8M.
