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Reno, NV 89511 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: 0.14
ActiveActive listings: 5757PendingPending sales: 88
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): $1.5M$1.5MSoldMedian sold price (last 6 months): $1.31M$1.31M
What homes actually sell for in Reno, NV
Distribution of 319 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $770k to $1.98M
$270k to $678k: 58 sales$270k$678k to $1.08M: 48 sales$1.08M to $1.49M: 67 sales67sales$1.08M$1.49M to $1.9M: 42 sales$1.9M to $2.31M: 25 sales$1.9M$2.31M to $2.72M: 21 sales$2.72M to $3.12M: 17 sales$2.72M$3.12M to $3.53M: 10 salesMedian $1.31M

What the numbers say

As of October 5, 2026, Resideline is tracking 57 active listings and 8 pending sales in ZIP code 89511. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $1,495,000, while the median of the 319 closed sales Resideline tracked over the last six months was $1,311,000. 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 89511 for 72 days.

Frequently asked questions

What is the median home price in 89511?

The median closed sale price in Reno, NV 89511 was $1,311,000 over the last six months, based on 319 closed sales tracked by Resideline. The middle half of those sales ranged from $770,000 to $1,975,000.

Is 89511 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 57 active listings in 89511, a pending-to-active ratio of 0.14. 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, 89511 currently looks like a balanced market.

Nearby ZIP code market data

Full Reno, NV housing market report →

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