The Reno–Sparks housing market stayed mostly balanced in October 2025. Single-family prices firmed even as sales eased. Condos jumped in price but took longer to sell. Inventory remains modest overall, so leverage looks fairly even heading into late fall.
Reno/Sparks Single-Family Homes
Reno/Sparks Condos & Townhomes
Market Context
Seasonality returns: Days on market are climbing and price reductions are more frequent — a common late-year pattern as buyer urgency cools.
Pricing matters: With months supply holding in the 2–4 range, properly priced homes still attract solid activity. Overreaching list prices tend to linger and invite larger reductions later.
Bottom Line
Taken together, the SFR and condo segments show a market easing into seasonality. Inventory is creeping up and DOM is lengthening, yet sub-4 MSI keeps conditions from tipping fully to buyers. Sellers who price to the market still get solid results; buyers gain a bit more choice and time.
Data courtesy of the Northern Nevada Regional MLS. Data is deemed reliable but not guaranteed.
Analysis performed by Guy Johnson, REALTOR®, Keller Williams Group One, Inc.