New - 17 minutes on Rocket
$10,000 Closing Credit¹
#250002081, Dan Berg, Listing Office: Sierra Nevada Properties-Reno
Reno Southwest Housing Market Report January 2025•Washoe County, Nevada
Housing Prices in Reno Southwest, NV
How much do homes in Reno Southwest, NV cost?
Housing Market Conditions
Is Reno Southwest, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Reno Southwest is a Seller's Market
Difference Since January 2024
Since last year, Reno Southwest has remained a Seller's Market.
Insight
Reno Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$839,166$374/SqFt
+$78,192
+10.3%
Based on all homes sold in the last 12 months
Insight
Homes in Reno Southwest have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Reno Southwest was $839,166 in January 2025, up 10.3% from last year, and the median price per square foot was $374.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Reno Southwest | $760.9K | $839.1K | +10.3% |
| Reno | $537.5K | $575.1K | +7.0% |
| Verdi | $735K | $780K | +6.1% |
| Reno North | $474.2K | $482.2K | +1.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $219K | $288.5K | +31.7% |
| 22 Bedrooms | $482.2K | $515K | +6.8% |
| 33 Bedrooms | $681K | $750K | +10.1% |
| 44 Bedrooms | $987.5K | $1.0M | +8.3% |
| 55+ Bedrooms | $1.5M | $1.4M | -0.5% |
Summary: Reno Southwest housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +31.7%. The home price for 2 bedroom homes increased by +6.8%. The home price for 3 bedroom homes increased by +10.1%. The home price for 4 bedroom homes increased by +8.3%. The home price for 5 bedroom homes decreased by -0.5%.
Housing supply in Reno Southwest, NV
How many homes are available in Reno Southwest, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 288Last MonthJan 2025 | ||
| 2832 months agoDec 2024 | +1.8 % Change MoMDec – Jan |
Summary: The Reno Southwest real estate market had 288 homes for sale in Jan 2025, a 1.8 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 51Last MonthJan 2025 | ||
| 642 months agoDec 2024 | -20.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 10 | 12 | +20.0% |
| 22 Bedrooms | 40 | 40 | 0.0% |
| 33 Bedrooms | 86 | 86 | 0.0% |
| 44 Bedrooms | 102 | 106 | +3.9% |
| 55+ Bedrooms | 45 | 44 | -2.2% |
Summary: Reno Southwest housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +20.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +3.9%. The inventory for 5 bedroom homes decreased by -2.2%.
Asking Price vs. Sold Price
How much do homes in Reno Southwest, NV cost?
Over Asking Price5 Homes
At Asking Price8 Homes
Under Asking Price38 Homes
Insight
If you're buying a home in Reno Southwest, you may be able to get a good deal. 74.5% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Reno Southwest in January 2025, down by 20.3% month-over-month. Of the 51 sold homes, 75% were sold under asking, 16% were sold at asking, and and 10% were sold over asking.
Days on Market for Reno Southwest, NV
How long does it take to sell a home in Reno Southwest, NV?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days21 Homes
Over 90 Days26 Homes
Insight
Most homes in Reno Southwest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 51 homes were sold in Reno Southwest; 8% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 51% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 108 DaysThis YearJan 2025 | ||
| 110 Days1 year agoJan 2024 | -2.2 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Reno Southwest had an average listing age of 108 days in Jan 2025, down by 2.2% compared to the previous year.
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Newest Listings in Reno Southwest, NV
What homes are available in Reno Southwest, NV?
New - 1 hour on Rocket
#250002068, Kylie Keenan, Listing Office: Dickson Realty - Caughlin
New - 4 hours on Rocket
$7,125 Closing Credit¹
#250002049, Kathleen Knuf Felte, Listing Office: Ferrari-Lund Real Estate Reno
New - 4 hours on Rocket
$5,047 Closing Credit¹
#250002048, Lauren Addi, Listing Office: Dickson Realty - Damonte Ranch
New - 6 hours on Rocket
$10,000 Closing Credit¹
#250002037, Mark Roberts, Listing Office: Dickson Realty - Caughlin
New - 22 hours on Rocket
$8,289 Closing Credit¹
#250002027, Barry Wardell, Listing Office: Assist-2-Sell Buyers & Sellers
New - 22 hours on Rocket
$10,000 Closing Credit¹
#250002025, Henry Huang, Listing Office: Sierra Nevada Properties-Reno
New - 1 day on Rocket
#250002014, Dominique Pavich, Listing Office: Pavich & Associates Realty
New - 1 day on Rocket
#250002015, Dominique Pavich, Listing Office: Pavich & Associates Realty
New - 1 day on Rocket
$8,016 Closing Credit¹
#250001994, Dan Berg, Listing Office: Sierra Nevada Properties-Reno
New - 1 day on Rocket
$8,016 Closing Credit¹
#250001987, Catherine Howard, Listing Office: Ferrari-Lund Real Estate Reno
New - 1 day on Rocket
#250001976, Shauna Ganes, Listing Office: Chase International-Damonte
Nearby markets
Nearby markets aren't available for Reno Southwest, 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: 2/21/2025, 7:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.