Home prices continue to climb; Inventory rises!
The median SFR home price rose to $595,000 in May—a 1.7% increase over April’s median.
Year-over-year, May’s median sales price is up 0.4%.
The median sold price per square foot (PPSF) also saw an increase in May 2025—rising 2.0% over April’s figure. Year-over-year, May’s median sold PPSF of $328.00/sq.ft. is up 1.9%.
Home sales jumped in May. 429 SFR units sold in May—an increase of 12% over April’s 383 units sold. Year-over-year, May’s unit sales were up 0.7%.
Available inventory of homes listed and available for purchase currently sits at 1,006 units—up a substantial 20.2% over this time last month; and also up a significant 41.5% over this time last year.
Pending sales are also on the rise. There are currently 525 SFRs pending sale. This number is down 6.4% from this time last month, and down 9.5% year-over-year.
May’s months’ supply of inventory (MSI) came in at 2.3 months of supply—nearly unchanged from April’s 2.2 MSI. This figure, indicative of a seller’s market, is calculated by dividing the available inventory by the number of homes sold last month. A balanced market is generally considered to be between four and six months of supply.
May’s median days on market (DOM) clocked in at 51 days—three days fewer than April’s median DOM of 54. Year-over-year, May’s DOM was 3 days longer than May 2024’s DOM number.
The quartile chart below shows the trends within the 1st, 2nd, and 3rd quartiles of monthly sale prices spanning the most recent 13 months.
This interactive chart allows readers to compare sales price trends across quartiles. As can be seen in the chart above, though home prices rose across all quartiles, the 3rd quartile (i.e. the highest-priced properties) saw the sharpest rise in prices.
The median sales price for condo/townhomes saw a decrease in May—coming in at $339,990. This number represents a 2.8% decrease from April’s median, and is also down a substantial 9.3% year-over-year.
May’s condo/townhome unit sales also declined. 101 condo/townhomes sold in May—a 3.8% decrease from April’s 105 unit sales; however it was up 17.4% year-over-year.
13 Months of SFR Sales Data
The table below contains the past 13 months of data[1]…
| Month Year | # Sold | Median Sold Price | Sold Price per Sq Ft | Median DOM | # of Actives | # of Pendings |
| May 2025 | 429 | $595,000 | $328.00 | 51 | 1,006 | 525 |
| Apr 2025 | 383 | $585,000 | $321.46 | 54 | 837 | 561 |
| Mar 2025 | 376 | $570,000 | $312.32 | 53 | 809 | 514 |
| Feb 2025 | 318 | $567,750 | $313.13 | 72 | 680 | 502 |
| Jan 2025 | 294 | $573,500 | $311.77 | 86 | 655 | 458 |
| Dec 2024 | 349 | $604,500 | $322.90 | 70 | 735 | 346 |
| Nov 2024 | 332 | $581,765 | $325.47 | 63 | 867 | 423 |
| Oct 2024 | 422 | $583,750 | $314.29 | 66 | 924 | 462 |
| Sep 2024 | 406 | $588,250 | $328.37 | 62 | 967 | 487 |
| Aug 2024 | 388 | $609,975 | $321.53 | 53 | 951 | 502 |
| Jul 2024 | 420 | $610,000 | $315.75 | 52 | 917 | 478 |
| Jun 2024 | 401 | $600,000 | $318.13 | 50 | 787 | 524 |
| May 2024 | 426 | $592,500 | $322.00 | 48 | 711 | 580 |
May 2025 painted a dynamic picture for the Reno/Sparks housing market. While single-family home prices and sales continued their upward trajectory, signaling a persistent seller’s market, the significant rise in overall inventory is a notable development. This expanding selection, coupled with faster transaction times for SFRs, indicates robust activity as we head further into the summer. Conversely, the condo/townhome market experienced a price dip despite an increase in sales, highlighting differing dynamics within the broader residential landscape. As inventory continues to grow, it will be essential to monitor how this impacts pricing and market balance in the months to come.
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For historical home sale data dating back to 1998 click here.
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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 – June 18, 2025. Note: This information is deemed reliable, but not guaranteed.
