According to the National Association of REALTORS® (NAR), the national median single-family existing-home price grew 3.4% to $402,300 in the first quarter of 2025. [See More Than 80% of Metro Areas Posted Home Price Increases in First Quarter of 2025]
Home sales, on the other hand, declined 0.8% nationally during the same time [according to NAR’s Research and Statistics data].
How did the Reno, NV Metro Area compare during the same period? Let’s take a look…
In the first quarter of 2024, 876 SFR units sold with a median sales price of $550,000. In the first quarter of 2025, 990 SFR units sold with a median sales price of $570,000.
These numbers equate to a…
- 13.0% YoY Q1 increase in unit sales1
- 3.6% YoY Q1 increase in the median sales price1
Home prices in the Reno Metro area appear to be tracking the national trend–up 3.6% compared to up 3.4% nationally.
Home sales in the Reno Metro area, however, are far outpacing the trend seen nationally–up 13.0% compared to a 0.8% decline in unit sales nationally.
As we move further into 2025, it will be interesting to see if Reno’s strong sales momentum continues to buck the national trend. What are your thoughts on the Reno housing market’s performance? Share your insights in the comments below!
1. The residential housing market data reported on above covers the Reno Metro Area, including the cities of Reno, Nevada and Sparks, Nevada. Market data includes SFR (Single Family Residence) properties only — except where noted differently. Data courtesy of the Northern Nevada Regional MLS – May 8, 2025. Note: This information is deemed reliable, but not guaranteed.
