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United States > Nevada > Washoe > Reno

Reno Nevada Housing Market Overview

The Reno housing market continues to show strength, with current median home prices reaching $535,000, which is approximately 24% above the national average. Properties in Reno typically spend about 53 days on the market, with an impressive 98.7% of homes selling at or near their list price. Notably, 21.8% of properties are selling above asking price, indicating strong buyer demand. Market dynamics are showing signs of adjustment, with 26.1% of listings experiencing price reductions. The area attracts buyers from California’s major cities, including San Francisco, Los Angeles, and San Diego, who are drawn to Reno’s relatively lower cost of living, just 4% above the national average. This influx of out-of-state buyers helps maintain steady property values, with the current price per square foot averaging $330. For homeowners looking to maximize their sale potential, these market conditions strongly suggest that timing and proper pricing strategy are crucial factors to consider.

Why now is a good time to sell your property in Reno Nevada

We serve throughout Reno, including Northwest Reno, Downtown, and beyond. Owner Advocate has substantial knowledge of Reno’s diverse real estate market, backed by the current 26.1% price reduction rate and $535,000 median sale price. Our network frequently purchases properties throughout Northern Nevada’s varied communities.
We assist in selling all types of residential properties, regardless of condition, including single-family homes, condos, townhouses, multi-unit buildings, and properties needing repairs. Our local knowledge and streamlined process have enabled countless property owners in Stead, Lemmon Valley, Golden Valley, and surrounding areas to sell quickly without the typical hassles associated with traditional market sales.

Experience a Better Way to Sell Your Reno Home

Benefits of Owner Advocate

Benefits of Owner Advocate
Our process begins with a free consultation, followed by a property evaluation, then a cash offer, and finally a quick closing.
At Owner Advocate, we’ve streamlined the home selling process into four simple steps:
1. Free Consultation: Share your situation and timeline.
2. Property Evaluation: We assess your home’s value considering current Reno market conditions.
3. Cash Offer: Receive a fair offer within 72 hours — no fees or commissions.
4. Quick Closing: Close in as few as 10 days on your schedule.
While traditional Reno home sales average 53 days, our process eliminates the usual delays and costs. We handle all paperwork and closing costs, making the process simple whether you’re in Lemon Valley, Spanish Springs, or anywhere in between.
$535,000
Median Sale Price
98.7%
List Price to Sale Price Ratio
53
Median Days on Market
$330
Price Per Square Foot
21.8%
Percent of Sales Over List Price
26.1%
Percent of Listings with Price Cuts
211
Number of Homes Sold (Month)
24%
National Price Comparison
4%
Cost of Living vs National
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Reno Key Takeaways
Median Sale Price:
$535,000
Reno housing market is changing
$535,000
The average home value is $535,000 and goes to pending in around 53 days.
53
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Reno Nevada?

Common situations that may lead to the need for a fast home sale include job relocation, financial challenges, inherited property, divorce, or foreclosure prevention. Life changes in Reno can necessitate a quick home sale. Owner Advocate connects you with buyers who can close quickly on your Reno home. In a market where the median price is $535,000, homes requiring repairs can remain unsold for extended periods, which is why our network provides immediate solutions. Sellers can skip the repair costs, avoid months of uncertainty, and move forward with their lives. We can facilitate cash offers within 72 hours and closings in as little as 10 days, providing a quick resolution that reduces stress compared to traditional sales.

Frequently Asked Questions About Selling Your Reno Home

Q: How quickly can you buy my Reno home?

A: At Owner Advocate, we understand the need for speed in today’s dynamic Reno market. We can present you with a fair cash offer within 72 hours of viewing your property. Once you accept, we can close in as little as 10 days. This timeline is significantly faster than the average 53-day sale duration in Reno’s traditional market.

Q: Do you purchase homes in any condition?

A: Yes! We buy homes throughout Reno and Northern Nevada in absolutely any condition. Whether your property needs major repairs, has fire damage, or is perfectly maintained, we’ll make you a fair cash offer. With Reno’s competitive market and median home price of $535,000, we evaluate each property individually, regardless of its current state.

Q: What costs or fees should I expect?

A: You won’t pay any fees or commissions when selling to Owner Advocate. We cover all typical closing costs, which can save you the standard 6-7% in realtor commissions, as well as 2-3% in closing costs typically associated with traditional Reno home sales. What we offer is what you receive — no unpleasant surprises or hidden charges.

Q: How does your home-buying process work?

A: Our process is straightforward: First, contact us about your property. Within 72 hours, we’ll visit your home and present a fair cash offer based on current Reno market conditions. If you accept, we handle all paperwork and can close according to your preferred timeline — as quickly as 10 days or on your schedule. No repairs, no staging, and no showings are required.

Q: Which areas do you serve in Northern Nevada?

A: We purchase properties throughout the Reno-Sparks area and surrounding communities, including Carson City, Fernley, Dayton, and Fallon. Whether you’re in downtown Reno, which has a walk score of 40, or in the surrounding areas, we’re ready to make you a fair cash offer on your property.

Q: Do you buy houses in other locations in Nevada?

A: Yes, we buy houses throughout Nevada, including Henderson, Las Vegas, and North Las Vegas.

Get Top Dollar for your Home

Sell your Reno home faster and easier with Owner Advocate. In a market where properties typically take 53 days to sell and 26.1% see price reductions, we offer a solution. Our local team understands Reno’s unique neighborhoods and provides:
Why Choose Us:
  • Cash offers within 72 hours.
  • Closing in as little as 10 days.
  • No repairs or renovations needed.
  • Zero fees or commissions.
  • Local market knowledge.

With median home prices at $535,000, traditional selling costs can be significant. Skip the uncertainty and expense — get your fair cash offer today. Whether you’re in Sparks, Carson City, or anywhere in Northern Nevada, we’re ready to connect you with buyers for your property in any condition.
Get Top Dollar Now