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Foreclosures in Reno, NV 89509

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Reno, NV Foreclosures

Current Market Conditions in in Reno, NV As of January 2026?
Over the past month, Reno has experienced a slight uptick in home listings, with a noticeable increase in interest from first-time buyers and investors alike. While the market remains competitive, the addition of new homes may stabilize rising prices, giving buyers more options. However, properties still tend to sell quickly, often above their listing price due to continued demand. Open houses have seen high attendance rates, indicating sustained interest in the market.
How much do homes sell for in Reno, NV?
The average home price is currently $736,974.
In Reno, NV, how many homes are available?
There are currently 29 active home listings available in Reno.
What’s the average rental cost in Reno, NV?
The average rental price in Reno is $1,781.
What is the most expensive home in Reno?
The most expensive home sold in Reno had a price of $133,609,556.
What is currently the cheapest priced home in Reno, NV?
The cheapest home for sale in Reno is priced at $11,393.

Living in Reno, NV

Reno, known for its vibrant casino culture and beautiful natural surroundings, offers a unique blend of urban amenities and outdoor adventures. The city is situated in the foothills of the Sierra Nevada mountains, providing residents with easy access to skiing, hiking, and scenic landscapes. Additionally, Reno's strong arts scene, diverse dining options, and family-friendly activities make it an attractive option for many.

Buyer vs Seller Market in Reno, NV

Reno's real estate market has shown resilience with steady growth in home prices and an increasing influx of new residents. Over the last year, Reno has seen a diversification in its real estate offerings, with a blend of new constructions and charming vintage homes catering to different buyer preferences.

The demand for properties has been buoyed by the city's expanding job market, especially in technology and hospitality sectors. This trend is forecasted to continue as more businesses relocate to the area, fueling housing demand.

In terms of rental properties, the market remains competitive, with a decrease in vacancies and an increase in average rental prices, appealing to investors eyeing long-term opportunities.

Home Value Estimator For Reno, NV

There are currently 108,744 real estate properties in Reno, NV, with a median automated valuation model (AVM) price of $544,066.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Reno, NV, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Reno, NV, is $736,974.00, with the most expensive house in Reno, NV, topping out at $133,609,556.00 and the cheapest home in Reno, NV, clocking in at $11,393.00. In other words, there’s something for every potential homebuyer or savvy investor in Reno, NV!

Rent Prices In Reno, NV

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Reno, NV, is on a rollercoaster ride. The average rent price in Reno, NV, is $1,781.00. Indeed, when looking to rent in Reno, NV, you can expect to pay as little as $540.00 or as much as $5,480.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Reno, NV -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Reno, NV 89509 Foreclosures

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