Is Reno, NV 89502 a buyer’s or seller’s market?

The Reno housing market right now

In the three months ending August 31, 2026, 21% of homes in Reno, NV 89502 sold above their list price, the typical home went under contract in 46 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 103 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold faster (53 days then) and the median sale price fell 3% to $439,810. Overall, Reno is more competitive than a year ago, so tougher for buyers.

Within Washoe County, homes here sell faster than in 52% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Reno ranks #14 of 100 NV ZIP codes with enough sales (score 52 out of 100).

Nearby, buyers who want less competition could look at Reno 89510 (0% sold over asking) or Incline Village 89450 (0% sold over asking), while Reno 89512 (32% sold over asking) and Reno 89519 (28% sold over asking) are even more competitive.