SFR prices, sales, and inventory all continue to climb! Condo/townhome metrics: a different story
The median SFR home price rocketed to $607,500 in June—a 2.0% increase over May’s median.
June’s median is just 0.4% below 2024’s high of $610,000 set in July last year. At its current rate of increase, we may see the monthly median sales price surpass that high this month (July). Stay tuned!
After that milestone, the next number to beat is the all-time high of $615,000 reached in May of 2022. If interest rates come down this year, a new all-time high might be established.
Year-over-year, June’s median sales price is up 1.3%.
Despite the increase in the median sales price, the median sold price per square foot (PPSF) saw a slight pullback in June—retreating 0.9% from May’s figure. Year-over-year, however, June’s median sold PPSF of $325.00/sq.ft. is up 2.2%.
Home sales continue to climb in June. 444 SFR units sold in June—an increase of 3.3% over May’s 430 units sold. Year-over-year, June’s unit sales were up a noteworthy 11.0%.
Available inventory continues to rise, too. The number of homes (SFRs) listed and available for purchase currently sits at 1,080 units—up a substantial 7.4% over this time last month; and also up a significant 37.2% over this time last year.
Pending sales pulled back in June. There are currently 498 SFRs pending sale. This number is down 5.1% from this time last month, and down 5.0% year-over-year.
June’s months’ supply of inventory (MSI) came in at 2.4 months of supply—nearly unchanged from May’s 2.3 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.
June’s median days on market (DOM) clocked in at 53 days—two days longer than May’s median DOM of 51. Year-over-year, June’s DOM was 3 days longer than June 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) remained flat month-over-month; home prices in the 2nd quartile (i.e. the mid-priced properties) rose 2.0% month-over-month; and home prices in the 3rd quartile (i.e. the highest-priced properties) actually declined slightly month-over-month.
The median sales price for condo/townhomes saw a sharp decrease in June—coming in at $294,000. This number represents a 13.5% decline from May’s median, and is also down a substantial 12.2% year-over-year.
June’s condo/townhome unit sales also fell sharply. 74 condo/townhomes sold in June—a whopping 26.7% decrease from May’s 101 unit sales. June condo sales were down 14.9% 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 |
| Jun 2025 | 444 | $607,500 | $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 | 388 | $609,975 | $321.53 | 53 | 951 | 502 |
| Jul 2024 | 420 | $610,000 | $315.75 | 52 | 917 | 478 |
| Jun 2024 | 400 | $600,000 | $318.13 | 50 | 787 | 524 |
June’s data solidifies the robust momentum in the Reno/Sparks single-family housing market, with prices, sales, and inventory all moving upward. This persistent seller’s market continues to offer strong conditions for homeowners, while buyers are benefiting from a growing selection. However, the notable divergence in the condo/townhome segment, marked by a sharp decline in both prices and sales, highlights the importance of analyzing specific property types. As we move further into summer, monitoring interest rate movements and the continued growth of inventory will be key to understanding the next phase of our dynamic 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 – July 8, 2025. Note: This information is deemed reliable, but not guaranteed.
Hi Guy –
FYI – Your June 2025 number median price Reno Metro seems much different than DOMUS in the FLEXMLS.
Best Regards,
Kelly
Kelly Richmond, REALTOR® CRS, e-PRO, ABR, GRI. #s.63483
Real Estate of Reno Sparks
5365 Mae Anne Ave. Suite A-6
Reno, NV 89523
Hi Kelly,
Thank you for bringing this to my attention. I’ve checked the number of sales and monthly median sales price for SFRs in Reno and Sparks combined. You are correct, there is a discrepancy between what FlexMLX and Domus Analytics is reporting. Here are the last 3 months of comparative data:
Not sure how Domus is sourcing its data, nor how it defines “Reno” and “Sparks”, but it seems to be missing a few sales each month. [Perhaps it is still using the prior Paragon data.]
This blog has always used the current MLS Data, and not Domus’.
I’ll reach out to NNRMLS to see if they can provide some insight. Thank you again for your observation, and thank you for reading the blog!
Hi Kelly. NNRMLS looked in to the data disparity and got back to me. They informed me that Seller/Broker opt-out listings aren’t being distributed through API to Domus. However, the FlexMLS data includes Seller/Broker opt-out listings. That’s why FlexMLS shows more sales and listings than DOMUS does.