Market Update
Reno/Carson Valley
Q3 2026
Residential Property Snapshot
Single Family Homes | Q3 2026
Med. Sales Price
$661k
10% more than in
Q3 2025
Q3 2025
Avg. Days On Market
71
7% fewer than in
Q3 2025
Q3 2025
Closed Sales
644
8% more than in
Q3 2025
Q3 2025
Inventory
440
7% fewer than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
Single Family Homes
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $575k | $652k | 677 |
| Q3 '23 | $600k | $692k | 624 |
| Q3 '24 | $630k | $720k | 599 |
| Q3 '25 | $600k | $691k | 597 |
| Q3 '26 | $661k | $736k | 644 |
Closed
New
Inventory
Closed Sales by Price
Single Family Homes
| Closed Under $500k | 18.0% |
|---|---|
| Q3 '26 | 116 |
| Q3 '25 | 160 |
| 1YR CHANGE | -28% |
| Closed $500k - $1m | 68.5% |
| Q3 '26 | 441 |
| Q3 '25 | 364 |
| 1YR CHANGE | +21% |
| Closed $1m - $2m | 12.9% |
| Q3 '26 | 83 |
| Q3 '25 | 68 |
| 1YR CHANGE | +22% |
| Closed Over $2m | 0.6% |
| Q3 '26 | 4 |
| Q3 '25 | 5 |
| 1YR CHANGE | -20% |
Median Sales Price vs. Average Days on Market
Single Family Homes
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 76 | $575k |
| Q3 '23 | 71 | $600k |
| Q3 '24 | 70 | $630k |
| Q3 '25 | 76 | $600k |
| Q3 '26 | 71 | $661k |
By Year
By Price
Market Data by Year
Single Family Homes
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-7%
New Listings
New Listings represents the number of properties listed during the quarter.
7%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-14%
Closed Sales
8%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-7%
Arrowcreek
Median
$1.73m
DOM
81
Sales
15
Inv
19
Carson City/Carson Valley
Median
$575k
DOM
68
Sales
169
Inv
95
Caughlin Ranch
Median
$868k
DOM
58
Sales
27
Inv
14
Clear Creek Tahoe
Median
$7.95m
DOM
200
Sales
3
Inv
12
Dayton
Median
$481k
DOM
82
Sales
88
Inv
68
Downtown Reno
Median
n/a
DOM
0
Sales
0
Fernley
Median
$425k
DOM
61
Sales
113
Inv
41
Galena Forest
Median
$1.32m
DOM
84
Sales
7
Inv
2
Genoa
Median
$1.03m
DOM
102
Sales
15
Inv
14
Hidden Valley
Median
$1.03m
DOM
80
Sales
11
Inv
5
Kiley Ranch
Median
$584k
DOM
57
Sales
6
Inv
9
Lakeridge
Median
$691k
DOM
124
Sales
11
Inv
19
Midtown
Median
$650k
DOM
61
Sales
5
Inv
2
Montreux
Median
$3m
DOM
95
Sales
11
Inv
6
North Valleys
Median
$445k
DOM
97
Sales
8
Inv
4
Nothwest Reno
Median
$655k
DOM
56
Sales
109
Inv
76
Old South Suburban Reno
Median
$1.24m
DOM
73
Sales
16
Inv
25
Old Southwest Reno
Median
$810k
DOM
62
Sales
13
Inv
11
Pleasant Valley
Median
$700k
DOM
75
Sales
3
Inv
4
Reno
Median
$661k
DOM
71
Sales
644
Inv
440
Saddlehorn
Median
$1.29m
DOM
91
Sales
8
Inv
4
Somersett
Median
$867k
DOM
76
Sales
46
Inv
47
South Meadows
Median
$490k
DOM
54
Sales
2
Inv
2
South Reno
Median
$1.48m
DOM
73
Sales
49
Inv
38
Southwest
Median
$770k
DOM
66
Sales
119
Inv
80
Spanish Springs
Median
$707k
DOM
69
Sales
76
Inv
68
Sparks
Median
$557k
DOM
69
Sales
327
Inv
220
St James Village
Median
n/a
DOM
0
Sales
0
Inv
6
Verdi
Median
$977k
DOM
52
Sales
8
Inv
3
Virginia Highlands
Median
$796k
DOM
105
Sales
10
Inv
7
Washoe Valley
Median
$925k
DOM
33
Sales
1
Inv
1
Wingfield Springs
Median
$599k
DOM
81
Sales
86
Inv
75