Reno, NV metro area Housing Market Brief
metro · NV · score computed October 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.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Reno, NV metro area in its market cycle?
Reno, NV metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Reno, NV metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Reno, NV metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $624K | ▲ +12.7% | Redfin |
| Median Days on Market | 55 days | ▼ -11.3% | Redfin |
| Months of Supply | 3.3 | ▼ -8.3% | Redfin |
| Homes for Sale | 1,800 | ▼ -11.5% | Redfin |
| Homes Sold | 549 | ▼ -2.3% | Redfin |
| Median Price / Sq Ft | $334 | ▲ +5.6% | Redfin |
How has Reno, NV metro area’s Alpha Score moved?
Markets like Reno, NV metro area
- Hilo, HI metro area, HImetro43
- Billings, MT metro area, MTmetro49
- New Brunswick, NJ metro area, NJmetro41
- Napa, CA metro area, CAmetro37
- Boston, MA metro area, MAmetro35
- Twin Falls, ID metro area, IDmetro55
- Traverse City, MI metro area, MImetro50
- Newark, NJ metro area, NJmetro44
- New York, NY metro area, NYmetro35
- Bellingham, WA metro area, WAmetro38
Frequently asked questions
Is Reno, NV metro area a buyer's or seller's market?
In the scores computed October 2026, Reno, NV metro area is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, building, 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 $624K, having risen 12.7% over the past year, according to Redfin.
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 Price Momentum (64/100) 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.