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All market snapshots / 89506

Reno, NV 89506 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Reno, NV inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.28
ActiveActive listings: 4040PendingPending sales: 1111
Reno, NV: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $449k$449kSoldMedian sold price (last 6 months): $449k$449k
What homes actually sell for in Reno, NV
Distribution of 355 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $377k to $515k
$248k to $296k: 14 sales$248k$296k to $344k: 25 sales$344k to $391k: 41 sales$344k$391k to $439k: 67 sales$439k to $486k: 76 sales76sales$439k$486k to $534k: 43 sales$534k to $581k: 40 sales$534k$581k to $629k: 14 salesMedian $449k

What the numbers say

As of October 26, 2026, Resideline is tracking 40 active listings and 11 pending sales in ZIP code 89506. That pending-to-active ratio of 0.28 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $449,000, while the median of the 355 closed sales Resideline tracked over the last six months was $449,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 89506 for 81 days.

Frequently asked questions

What is the median home price in 89506?

The median closed sale price in Reno, NV 89506 was $449,000 over the last six months, based on 355 closed sales tracked by Resideline. The middle half of those sales ranged from $377,000 to $515,000.

Is 89506 a buyer's or seller's market?

Resideline is currently tracking 11 pending sales against 40 active listings in 89506, a pending-to-active ratio of 0.28. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 89506 is currently a faster-moving market.

Nearby ZIP code market data

Full Reno, NV housing market report →

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