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Reno, NV 89509 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Reno, NV inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 5151PendingPending sales: 33
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): $785k$785kSoldMedian sold price (last 6 months): $730k$730k
What homes actually sell for in Reno, NV
Distribution of 277 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $550k to $925k
$205k to $395k: 17 sales$205k$395k to $585k: 49 sales$585k to $775k: 89 sales89sales$585k$775k to $965k: 44 sales$965k to $1.16M: 25 sales$965k$1.16M to $1.34M: 14 sales$1.34M to $1.54M: 10 sales$1.34M$1.54M to $1.72M: 2 salesMedian $730k

What the numbers say

As of October 5, 2026, Resideline is tracking 51 active listings and 3 pending sales in ZIP code 89509. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $785,000, while the median of the 277 closed sales Resideline tracked over the last six months was $730,000. 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 89509 for 66 days.

Frequently asked questions

What is the median home price in 89509?

The median closed sale price in Reno, NV 89509 was $730,000 over the last six months, based on 277 closed sales tracked by Resideline. The middle half of those sales ranged from $550,000 to $925,000.

Is 89509 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 51 active listings in 89509, a pending-to-active ratio of 0.06. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 89509 currently looks like a balanced market.

Nearby ZIP code market data

Full Reno, NV housing market report →

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