Sources: Sierra Nevada REALTORS® Q1 2026 Market Report (Domus Analytics / NNRMLS data) · Houzeo Reno Market Data, June 2026 · Norada Real Estate Investments, Reno Market Report December 2024 · CarsonNow.org — Q1 2026 county-by-county breakdown, April 20 2026
Price trend
Washoe County median sale price
Quarterly — Q1 2024 through Q1 2026. All figures from Sierra Nevada REALTORS® NNRMLS data and Norada Real Estate verified closings.
$548K
Q1 2024
$562K
Q2 2024
$570K
Q3 2024
$568K
Q4 2024
$570K
Q1 2025
$574K
Q2 2025
$577K
Q3 2025
$575K
Q4 2025
$580K
Q1 2026
Washoe County encompasses Reno and Sparks. Data reflects closed sales — not list prices or estimates.
Median price
$580K
▲ 1.8% vs Q1 2025
Closed sales
1,039
▲ 2.9% vs Q1 2025
Days to contract
22 days
▲ 4.8% vs Q1 2025
% of list price
98.9%
▲ 0.4% vs Q1 2025
City of Reno — June 2026
Reno city snapshot
Source: Houzeo Reno Market Data, June 2026. Covers city of Reno only (not all of Washoe County).
Median sale price
$547,447
↑0.06% YoY
Avg days on market
60 days
↑13% YoY
Sale-to-list ratio
98.85%
Near asking price
Active listings
738 homes
2.9 months supply
New listings (recent)
390 homes
Fresh inventory
Sold above asking
22.3%
↑ from 21.5% prior yr
Homes w/ price cut
18.7%
↓ from 24.6% prior yr
Mortgage rate
6.23%
Projected 6.0%–6.8%
Market balance indicator — June 2026
Leaning seller — but closer to neutral than any point since 2022
Months of supply at 2.9 is below the 4–6 month neutral range — technically still a seller's market. But 60 average days on market and 18.7% of homes with price reductions mean buyers have real negotiating room on anything that isn't priced sharply.
Regional context
Northern Nevada — county by county
Q1 2025 → Q1 2026. Source: Sierra Nevada REALTORS® Q1 2026 Market Report (Domus Analytics / NNRMLS).
| County / Area | Median price | YoY change | Days to contract | % of list | Sales Q1 2026 |
|---|---|---|---|---|---|
| Washoe (Reno/Sparks) | $580K | ▲ 1.8% | 22 days | 98.9% | 1,039 |
| Lyon (Dayton/Fernley) | $410K | ▲ 2% | 25 days | 99.1% | 250 |
| Carson City | $535K | ▼ 2.2% | 30 days | 98.8% | 103 |
| Douglas | $645K | ▼ 6.4% | 36 days | — | 179 |
| Churchill (Fallon) | $397K | ▲ 0.5% | 28 days | 99.3% | 67 |
Median price by county — Q1 2026
What it means
Bottom line for buyers and sellers
Buyers 🏠
More balanced than 2024 — 60 days average on market gives you time to inspect and negotiate. 18.7% of homes have had price reductions (down from 24.6% last year). Months of supply at 2.9 is still below the 4–6 month "neutral" threshold, but you're not waiving contingencies to compete anymore.
Sellers 🏷️
Correctly priced homes still close at 98.9% of list in 22 median days. The gap between well-priced and overpriced has widened — homes with price reductions are down to 18.7%, meaning sellers who price right are winning and those who don't are sitting.
"Prices are more honest. Buyers have more time to make good decisions. And sellers who price right are still walking away with nearly everything they asked for."
— Garrett Lepire, 2026 President — Sierra Nevada REALTORS®
Common questions
What people ask about the Reno market
What is the median home price in Reno in 2026?
Washoe County (Reno + Sparks) median sale price was $580,000 in Q1 2026 — up 1.7% from $570,000 in Q1 2025. The city of Reno specifically shows a median of approximately $547,447 as of June 2026. The gap reflects that Sparks and some suburban Washoe areas pull the county median higher than city-only figures.
Is the Reno housing market a buyer's or seller's market in 2026?
Technically still a seller's market — 2.9 months of supply, below the 4–6 month neutral range. But far more balanced than 2022–2023. Average days on market of 60 means buyers have time to do proper due diligence. 18.7% of homes have had price reductions, down from 24.6% — meaning fewer sellers are overpricing than a year ago, but those who do are sitting.
How fast are homes selling in Reno in 2026?
Washoe County median days to contract is 22 days — correctly priced homes are moving in under a month. The city-level average of 60 days on market includes overpriced inventory that inflates the figure. The 98.9% list price received figure means sellers who price correctly are not leaving much on the table.
Is Reno a good time to buy in 2026?
More favorable for buyers than 2022 or 2023. Inventory at 2.9 months supply is still low, but 22.27% of homes selling above asking (down from prior cycle peaks) and 18.7% with price reductions show real negotiating opportunity on non-competitively-priced properties. Mortgage rates hovering at 6.23% remain a cost factor — a $500,000 purchase at 6.23% with 20% down is approximately $2,450/month principal and interest.
Anna Rozalska — REALTOR®
License #S.0177228 · BHGRE Drakulich Realty · Sparks NV · (775) 287-0185
Anna has closed 46 transactions in Northern Nevada from $13K to $849K, including buyers and sellers across Reno, Sparks, Carson City, Dayton, Fernley, Fallon, and Lake Tahoe NV. She updates this report monthly from NNRMLS and Sierra Nevada REALTORS® data — not from third-party estimate tools.
This report is updated monthly. Last updated: July 14, 2026. Data reflects the most recently published Sierra Nevada REALTORS® report and available MLS-derived sources.
Questions about the Reno market?
Anna can pull current comps for specific neighborhoods, give you a realistic price range for what you're looking for, or walk through what the data means for your specific situation.