Is Reno, NV a buyer's market or a seller's market?
Reno, NV is a seller's market right now. There are 1,650 homes for sale, and at the current pace of sales it would take about 2.8 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Reno, NV sits at 2.8.
There are more buyers than homes for sale. Sellers have the edge. The typical home took 39 days to go under contract, and 25% of sales closed above the asking price.
The number of homes for sale is 20% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Reno, NV area, through May 2026.
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More about the Reno, NV market
- When is the best month to sell a house in Reno, NV?
- How long does it take to sell a house in Reno, NV?
- Do homes sell above asking price in Reno, NV?
- Are home prices going up or down in Reno, NV?
- How many homes are for sale in Reno, NV?
- All Reno, NV housing numbers
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Figures come from Redfin's published market data for the Reno, NV area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.