Wednesday, January 8, 2020 / by Callie O'Brien
Drakulich Real Estate News: Market Report for Reno, NV (1/8)
The Market by the Numbers
Median List Price: $527,000
Price Per Square Foot: $235
Days on Market: 115
Price Decreased: 38%
Price Increased: 4%
Relisted: 4%
Inventory: 566
Median Rent: $1,900
Most Expensive: $14,999,000
Least Expensive: $89,000
Market Action Index: 41 (Slight Seller’s Advantage)
The Market by the Quartiles
Top 25% of Properties
Median Price: $1,250,000
Sqft: 4,098
Lot Size: .5 – 1 acre
Beds: 4
Bath: 4
Age: 16
Days on Market: 199
Upper-Middle 25% of Properties
Median Price: $645,000
Sqft: 2,704
Lot Size: .25 - .5 acres
Beds: 4
Bath: 3
Age: 19
Days on Market: 113
Middle-Lower 25% of Properties
Median Price: $449,150
Sqft: 2,063
Lot Size: 6,500 – 8,000 sqft
Beds: 3
Bath: 2
Age: 18
Days on Market: 83
Lowest 25% of Properties
Median Price: $335,000
Sqft: 1,569
Lot Size: 6,500 – 8,000
Beds: 3
Bath: 2
Age: 23
Days on Market: 63
