Skip main navigation

Reno Housing Market

$566,790

2.2% 1-yr

The average Reno home value is $566,790, up 2.2% over the past year and goes to pending in around 17 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Reno Key Takeaways

Typical Home Values: $566,790

1-year Value Change: +2.2%

(Data through May 31, 2025)

Reno Housing Market Overview

1.6%1-year Market Forecast(May 31, 2025)
1,894For sale inventory(May 31, 2025)
725New listings(May 31, 2025)
0.994Median sale to list ratio(April 30, 2025)
$535,167Median sale price(April 30, 2025)
$603,317Median list price(May 31, 2025)
18.5%Percent of sales over list price(April 30, 2025)
53.5%Percent of sales under list price(April 30, 2025)
17Median days to pending(May 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Washoe Valley

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
Start Now
An equal housing lender. NMLS #10287.

Reno Rental Market Trends

$1,977Average rent in Reno(May 31, 2025)
$2,049National average rent(May 31, 2025)
0.6%Month-over-month change(May 31, 2025)
3.2%Year-over-year change(May 31, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

More on Zillow Research