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Is Reno, NV 89510 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Reno is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply16Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94%Sold price ÷ list price
Median days on market85Listing to accepted offer
Median price per sq ft$386▲ +12.8% vs. last year

The Reno housing market right now

In the three months ending August 31, 2026, 0% of homes in Reno, NV 89510 sold above their list price, the typical home went under contract in 85 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (89 days then) and the median sale price rose 33% to $974,578. Overall, Reno is less competitive than a year ago, which gives buyers more room.

Within Washoe County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Reno 89512 (32% sold over asking) and Reno 89519 (28% sold over asking) are even more competitive.

Run the numbers for 89510

Prefilled for 89510Can I win this house?Multiple-offer likelihood for a listing Prefilled for 89510Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Crystal Bay 89402Buyer’s market $2,648 /sq ftIncline Village 89450Seller’s market $753 /sq ftIncline Village 89451Balanced $763 /sq ftReno 89501Balanced $352 /sq ft Browse all markets →

Towns like Reno nearby

Find towns like Reno in other states →
Washoe Valley, NV89704 · 37 miles away52% similarpricier homes ($78K more) · larger Sparks, NV89441 · 9 miles away51% similarhigher income ($31K more) · pricier homes ($41K more) Reno, NV89508 · 19 miles away43% similarcheaper homes ($150K less) · larger Dayton, NV89403 · 34 miles away40% similarcheaper homes ($174K less) · larger

Where Reno is

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Questions about Reno real estate

Is Reno a buyer’s or seller’s market?

A buyer’s market: there were 16 months of supply in Reno, NV 89510 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Reno?

The typical home went under contract in 85 days in the latest three months.

Do homes in Reno sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.

What are property taxes in Reno?

About 0.44% of a home’s value a year in Washoe County, or roughly $1,760 on a $400,000 home.

What is the median home price in Reno?

The median sale price was $974,578 in the three months ending August 31, 2026, about $386 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology