Reno, NV metro area Housing Market Brief
metro · NV · as of August 2026
What is Reno, NV metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Reno, NV metro area in its market cycle?
Reno, NV metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Reno, NV metro area?
Our model forecasts Reno, NV metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Reno, NV metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $591K | ▲ +5.6% |
| Median Days on Market | 50 days | ▼ -2% |
| Months of Supply | 2.9 | ▼ -30.9% |
| Homes for Sale | 1,853 | ▼ -18.5% |
| Homes Sold | 660 | ▲ +18.1% |
| Median Price / Sq Ft | $334 | ▲ +2.5% |
How has Reno, NV metro area’s Alpha Score moved?
Markets like Reno, NV metro area
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- Auburn, AL metro area, ALmetro46
- San Francisco, CA metro area, CAmetro52
- West Palm Beach, FL metro area, FLmetro41
- Lebanon, NH metro area, NHmetro38
- Santa Maria, CA metro area, CAmetro40
- Morgantown, WV metro area, WVmetro51
- Manchester, NH metro area, NHmetro49
- Merced, CA metro area, CAmetro41
Frequently asked questions
Is Reno, NV metro area a buyer's or seller's market?
As of August 2026, Reno, NV metro area is classified as a Balanced Market, based on its Alpha Score of 49 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Reno, NV metro area?
The median sale price in Reno, NV metro area is $591K, having risen 5.6% over the past year.
How affordable is Reno, NV metro area?
Reno, NV metro area scores 9 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Reno, NV metro area's Alpha Score?
Reno, NV metro area's strongest dimension is Economic Strength (69/100) and its weakest is Affordability (9/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Reno, NV metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.