New - 48 minutes on Rocket
$2,826 Closing Credit¹
#250001392, Guy Johnson, Listing Office: Keller Williams Group One Inc.
Downtown Reno Regional Center Housing Market Report January 2025•Washoe County, Nevada
Housing Prices in Downtown Reno Regional Center, NV
How much do homes in Downtown Reno Regional Center, NV cost?
Housing Market Conditions
Is Downtown Reno Regional Center, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Downtown Reno Regional Center is a Buyer's Market
Difference Since January 2024
At the same time last year, Downtown Reno Regional Center was a Neutral Market.
Insight
Downtown Reno Regional Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$345,000$376/SqFt
+$25,000
+7.8%
Based on all homes sold in the last 12 months
Insight
Homes in Downtown Reno Regional Center have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Downtown Reno Regional Center was $345,000 in January 2025, up 7.8% from last year, and the median price per square foot was $376.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Downtown Reno Regional Center | $320K | $345K | +7.8% |
| University of Nevada Regional Center | $360K | $367K | +1.9% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $267K | $295K | +10.5% |
| 22 Bedrooms | $377.5K | $495K | +31.1% |
| 33 Bedrooms | $845K | $762.5K | -9.8% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Downtown Reno Regional Center housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.5%. The home price for 2 bedroom homes increased by +31.1%. The home price for 3 bedroom homes decreased by -9.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Downtown Reno Regional Center, NV
How many homes are available in Downtown Reno Regional Center, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 42Last MonthJan 2025 | ||
| 392 months agoDec 2024 | +7.7 % Change MoMDec – Jan |
Summary: The Downtown Reno Regional Center real estate market had 42 homes for sale in Jan 2025, a 7.7 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthJan 2025 | ||
| 72 months agoDec 2024 | -28.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 19 | 20 | +5.3% |
| 22 Bedrooms | 15 | 17 | +13.3% |
| 33 Bedrooms | 4 | 4 | 0.0% |
| 44 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Downtown Reno Regional Center housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +5.3%. The inventory for 2 bedroom homes increased by +13.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Downtown Reno Regional Center, NV cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price4 Homes
Insight
If you're buying a home in Downtown Reno Regional Center, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Downtown Reno Regional Center in January 2025, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and and 20% were sold over asking.
Days on Market for Downtown Reno Regional Center, NV
How long does it take to sell a home in Downtown Reno Regional Center, NV?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days4 Homes
Insight
Most homes in Downtown Reno Regional Center are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 5 homes were sold in Downtown Reno Regional Center; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 111 DaysThis YearJan 2025 | ||
| 101 Days1 year agoJan 2024 | +10.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Downtown Reno Regional Center had an average listing age of 111 days in Jan 2025, up by 10.0% compared to the previous year.
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Newest Listings in Downtown Reno Regional Center, NV
What homes are available in Downtown Reno Regional Center, NV?
New - 2 days on Rocket
$3,086 Closing Credit¹
#250001249, Steven Anderson, Listing Office: Keller Williams Group One Inc.
New - 6 days on Rocket
$4,156 Closing Credit¹
#250001081, Jake Becker, Listing Office: Keller Williams Group One Inc.
$4,263 Closing Credit¹
#250000869, Mary Babiasz, Listing Office: ERA - Realty Central
$4,364 Closing Credit¹
#250000719, John Arnold, Listing Office: Dickson Realty - Damonte Ranch
$3,681 Closing Credit¹
#250000697, Cameron Meals, Listing Office: Blue Sierra Realty
$5,641 Closing Credit¹
#250000661, Philip Sunseri, Listing Office: Desert Diamonds Realty, Inc.
$1,752 Closing Credit¹
#250000628, Kirk Archuleta, Listing Office: RE/MAX Gold
$5,166 Closing Credit¹
#250000502, Justin Rossi, Listing Office: Ferrari-Lund Real Estate Reno
$10,000 Closing Credit¹
#250000497, Philip Sunseri, Listing Office: Desert Diamonds Realty, Inc.
$2,850 Closing Credit¹
#250000314, Joshua Skroch, Listing Office: RE/MAX Professionals-Reno
$6,116 Closing Credit¹
#250000198, Samantha Reveley, Listing Office: Dickson Realty - Downtown
Nearby markets
Nearby markets aren't available for Downtown Reno Regional Center, NV
Popular Cities with Homes for Sale in Nevada
MLS Disclaimers and Copyright
Based on information from Northern Nevada Regional MLS, for the period 02/01/2023 - 02/01/2025
Copyright © 2025 Northern Nevada Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.