Two different rhythms, one lake. Single-family homes are trending toward balanced conditions with higher months of supply. Condos/townhomes show strong price-per-foot and faster selling times versus last year. Buyers have options; well-prepped, well-priced listings still stand out.
Single-Family Residences (SFR)
Highlights (Oct 2025)
- Median Sold Price: $2,450,000 (MoM +23.2%, YoY +14.0%)
- Median Sold PPSF: $936 (MoM +10.1%, YoY +12.3%)
- Homes Sold: 16 (MoM -11.1%, YoY -36.0%)
- Pending Sales: 14 (MoM +0.0%, YoY +16.7%)
- Available Inventory: 86 (MoM -9.5%, YoY +1.2%)
- MSI (months): 5.40 (MoM +1.9%, YoY +58.8%)
- Median DOM (days): 117 (MoM +80.0%, YoY +0.0%)
Condos & Townhomes
Highlights (Oct 2025)
- Median Sold Price: $849,000 (MoM +7.8%, YoY +9.9%)
- Median Sold PPSF: $637 (MoM +6.3%, YoY +23.3%)
- Homes Sold: 11 (MoM -31.3%, YoY -26.7%)
- Pending Sales: 15 (MoM +0.0%, YoY -6.2%)
- Available Inventory: 62 (MoM -17.3%, YoY +24.0%)
- MSI (months): 5.60 (MoM +19.1%, YoY +69.7%)
- Median DOM (days): 81 (MoM +80.0%, YoY -38.6%)
Closing Commentary
Normalization & patient-buyer opportunity: Higher months of supply and longer market times on the SFR side point to a more balanced pace. Buyers have room to compare properties and negotiate on terms, especially for homes that need updates or come in above the tightest comp range.
Resilient luxury demand: Even with more inventory in play, top-tier properties continue to support pricing—reflected in firm year-over-year gains for both median price and price per square foot. Stunning views, modern finishes, and turnkey condition still command attention.
Bottom line: Sellers who price with the market and present well will stay competitive. Buyers who are patient and prepared can secure quality options—without having to rush.
Get the monthly market reports by email
Reno/Sparks, Carson City, and Incline Village numbers, sent to your inbox when each new report is out. I'll only email you when I publish something new, and you can unsubscribe anytime. — Guy