SFR prices pull back; sales remain strong
The median SFR home price fell to $585,000 in August—a 2.4% decrease from July’s median.
Year-over-year, August’s median sales price is down 4.1%.
The median sold price per square foot (PPSF) also saw a pullback in August—retreating 2.7% from July’s figure. Year-over-year, August’s median sold PPSF of $321.00/sq.ft. is down 0.3%.
Home sales also declined but remain robust. 392 SFR units sold in August—a decrease of 6.7% from July’s 420 units sold. However, year-over-year, August’s unit sales were up 1.6%.
Available inventory also pulled back. The number of homes (SFRs) listed and available for purchase currently sits at 1,038 units—down 8.9% over this time last month, but up a significant 9.1% over this time last year.
Pending sales rose. There are currently 516 SFRs pending sale. This number is up 6.4% from this time last month, and up 2.8% year-over-year.
August’s months’ supply of inventory (MSI) came in at 2.6 months of supply—nearly unchanged from July’s 2.7 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.
August’s median days on market (DOM) clocked in at 62 days—four days longer than July’s median DOM of 58. Year-over-year, August’s DOM was 8 days longer than August 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 (e.g. different price bands). For example, as can be seen in the chart above: home prices in the 1st quartile (i.e. the lowest-priced properties) increased month-over-month, while home prices in the 2nd quartile (i.e. the mid-priced properties) and 3rd quartile (i.e. the highest-priced properties) declined month-over-month.
In contrast to SFRs, the median sales price for condo/townhomes saw a sharp increase in August—coming in at $335,000. This number represents a 6.3% increase over July’s median. Year-over-year the median sales price for condo/townhomes was nearly unchanged at a 0.2% increase.
August’s condo/townhome unit sales also fell sharply. 69 condo/townhomes sold in August—a signifcant 24.2% decrease from July’s 91 unit sales. August condo sales were down 11.5% 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 |
| Aug 2025 | 392 | $585,000 | $321.00 | 62 | 1,038 | 516 |
| Jul 2025 | 420 | $599,595 | $330.00 | 58 | 1,140 | 485 |
| Jun 2025 | 446 | $610,000 | $325.00 | 53 | 1,080 | 498 |
| May 2025 | 430 | $595,475 | $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 | 386 | $610,000 | $322.00 | 54 | 951 | 502 |
August’s data reveals a nuanced and complex market for Reno and Sparks. While the single-family home market saw a month-over-month price and sales retreat, its underlying strength remains evident in robust pending sales and a continued low months’ supply of inventory. This slight cooling period offers a glimpse of an evolving market where buyers may find more leverage, particularly in the mid-to-high price ranges. Conversely, the condo and townhome segment showed a surprising price surge despite a sharp drop in sales, highlighting a distinct set of dynamics. As we move into the final quarter of the year, tracking these contrasting trends and shifts in inventory will be essential for both buyers and sellers navigating the Reno/Sparks real estate landscape. Stay alert!
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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 – September 16, 2025. Note: This information is deemed reliable, but not guaranteed.