Wednesday, February 26, 2020 / by Callie O'Brien
Drakulich Realty News: Reno Market Report: 2/26
The Market by the Numbers
Median List Price: $599,000
Price Per Sqft: $242
Days on Market: 116
Price Decreased: 33%
Price Increased: 6%
Relisted: 6%
Inventory: 419
Median Rent: $1,950
Most Expensive: $14,999,000
Least Expensive: $145,300
Market Action Index: 47 (Strong Seller’s Market)
The Market by the Quartiles
Top 25% of Properties:
Median Price: $1,349,500
Sqft: 4,289
Lot Size: 1 – 2.5 acres
Beds: 4
Baths: 4
Age: 18
Days on Market: 225
Upper-Middle 25% of Properties:
Median Price: $738,995
Sqft: 2,938
Lot Size: .25 - .5 acres
Beds: 4
Baths: 3
Age: 15
Days on Market:102
Middle-Lower 25% of Properties
Median Price: $497,500
Sqft: 2,197
Lot Size: 6,500 – 8,000 sqft.
Beds: 3
Baths: 2
Age: 18
Days on Market: 74
Lowest 25% of Properties:
Median Price: $324,999
Sqft: 1,557
Lot Size: 6,500 – 8,000 sqft.
Beds: 3
Baths: 2
Age: 22
Days on Market: 63
