Asking prices for Reno homes surge nearly 30%

reno home price According to Realtor.com’s latest Monthly Housing Summary the list prices for homes across the country increased 7.57 percent year-over-year in October. Of the 146 markets tracked by Realtor.com 85 percent reported year-over-year increases — with many showing gains of 20 percent or more; and even a few with increases of 30 to 40+ percent.

Reno, Nevada ranked 4th nationwide amongst housing markets with the largest increase in list price. Reno’s median list price increased 29.29 percent year-over-year.

The Realtor.com report also showed Reno’s median list price for October was $258,577. To compare these numbers to actual sold homes in October, Reno’s median sales price was $215,000, for a year-over-year increase of 19.4 percent.

What other markets showed the largest gains in list prices? Here are the top-ten…

Rank Market List price increase %
1. Detroit, Mich. 44.33%
2. Stockton-Lodi, Calif. 40.80%
3. Santa Barbara-Santa Maria-Lompoc, Calif. 33.39%
4. Reno, Nev. 29.29%
5. Melbourne-Titusville-Palm Bay, Fla. 27.78%
6. Fresno, Calif. 24.34%
7. Las Vegas, Nev.-Ariz. 24.33%
8. Oakland, Calif. 24.27%
9. Phoenix-Mesa, Ariz. 22.0%
10. San Diego, Calif. 21.92%

2 comments

  1. Nate

    Well at least the housing market is heading in the right direction finally.
    I guess I won’t be buying a new house anytime soon though :/

  2. Bob

    wait for banks to release more, then it will drop

Leave a Reply

Your email address will not be published. Required fields are marked *