Dear Clients, Friends, and Family:
As we move deeper into autumn, the housing market in Reno and Sparks continues to evolve—and it’s a story of opportunity, movement, and smart strategy. Whether you’re thinking of buying, selling, or simply keeping tabs on your home’s value, the latest data speaks volumes.
Reno Snapshot
In Reno this October the median sales price reached $639,250, marking a ~4 % increase from September and remaining virtually flat year‑over‑year. Inventory sits at 719 active listings, a modest dip, while closed sales climbed to 274 transactions. Importantly, the median days to contract dropped to just 33 days, indicating that well‑conditioned and properly priced homes are still moving with speed.
Sparks Snapshot
In Sparks the median sales price climbed to $565,000, up about 2.1 % from last month and showing a modest year‑over‑year gain. Inventory is tighter—just 263 active listings—while closed sales stood at 125 homes. The median days to contract increased to 41 days, suggesting buyers are more deliberate even as demand remains present.
What This Means for You
For buyers: With inventory tightening and pricing stable or modestly rising, being ready matters. Having your financing in line, knowing your neighborhood, and acting fast when the right home comes up will serve you well.
For sellers: The window remains open for well‑priced, turn‑key homes. With faster contract times in Reno and strong price support in both cities, it’s a solid time—but presentation, pricing and marketing are still the difference makers.
For both: Every zip code is unique. Trends in one part of Reno may differ in another; Sparks often moves differently than Reno. That’s why working with local specialists who know these subtleties pays off.
Want to dig deeper?
If you’re interested in how specific neighborhoods are performing, or want a tailored snapshot for your home or area of interest, just drop us a line. We’re happy to pull the latest numbers and give you the insight you deserve.
Warm regards,
Robin, Kevin & Sophie
License #’s: S67935 | BS0141620 | S197254
Cell: 775-813-1255
