What is the current median home price in Reno-Sparks in 2026?

As of April 2026, the median single-family home sale price in Reno is $660,000 — up 4.5% from March and 3.1% year over year. In Sparks, the April median was $564,000, flat from March and up 1.6% year over year. Source: NNRMLS via Domus Analytics, updated May 5, 2026.

Is it still a seller's market in Reno-Sparks in May 2026?

Yes — decisively. Both cities closed April at 1.6 months of housing supply, less than half the four-to-six-month range that defines a balanced market. Sellers received 99.0% of list price in Reno and 99.4% in Sparks, with median days to contract at 11 and 13 respectively.

How long does it take to sell a home in Reno-Sparks right now?

In April 2026, the median single-family home went under contract in 11 days in Reno and 13 days in Sparks — the fastest pace recorded this year. Reno's days-to-contract dropped 26.7% from March; Sparks' figure is 40.5% faster than April 2025.

How are mortgage rates affecting Reno-Sparks buyers in May 2026?

The Freddie Mac 30-year fixed-rate mortgage averaged 6.37% as of May 7, 2026 — down from 6.76% a year ago. For a buyer at the Reno median of $660,000 with 20% down, that year-over-year rate improvement reduces principal and interest by approximately $140 per month, or roughly $1,700 annually. Figures are illustrative; actual rates depend on lender, credit, and loan terms.

Why is Sparks showing different numbers than Reno in April 2026?

Sparks recorded the first measurable inventory uptick of the 2026 spring — active inventory up 9.3% from March, months supply up 25.5% to 1.6 months. But pricing held, days to contract stayed at 13, and sellers still received 99.4% of list. This is normalization from extreme tightness, not softening. Sparks remains firmly seller-side.

Is Reno-Sparks part of the national housing market softening story?

No. The markets driving national softening narratives are concentrated in Sun Belt metros with multi-month inventory bloat, weakening employment, and over-leveraged new construction pipelines. Reno-Sparks has none of those preconditions. EDAWN's 2026 State of the Economy presentation ranked Reno as the #1 metro for economic growth out of 949 nationally.

Should I sell my Reno-Sparks home in May 2026, or wait?

The April data supports listing now if a sale is the right strategic move for your situation. Reno's median is accelerating. Both cities are at 1.6 months of supply. Sellers are receiving high-99-percent of list. Waiting for more clarity has historically cost sellers more than it has saved them, and the national forecasts the wait-it-out narrative relies on have been wrong for three consecutive years.

What is the difference between an online home value estimate and a real CMA?

Online estimates — including the one on our own valuation page — are algorithmic. They aggregate public records and recent sales to produce a number that does not account for your specific finishes, condition, micromarket factors, or current buyer demand. A real comparative market analysis from Robin or Kevin starts from there and adjusts against floor plan, condition, upgrades, lot characteristics, and current active and pending competition.

Kinney and Renwick Team Archives - The Kinney & Renwick Team

Reno, Sparks, Statistics

April 2026 Reno-Sparks Housing Market: Two Cities, Two Stories

Reno's median sales price hit $660,000 in April 2026 — up 4.5% from March in a single month and up 3.1% year over year. Closed…

by Kevin Kinney

Buying, Moving, New Listing

NEW LISTING AT 11055 Lamour Lane Reno, NV 89521

Well-Maintained Home in Damonte Ranch – Listed at $539,000Located in the desirable Damonte Ranch community, this well-maintained 3-bedroom, 2-bathroom home offers 1,546 sq. ft. of…

by Kevin Kinney

Buying, Moving, Reno, Selling, Statistics

January 2025 Market Update for Reno, Sparks, Fernley, Carson City & Carson Valley

Dear Valued Clients,Welcome to the Kinney & Renwick Team’s January 2025 Market Recap for Reno, Sparks, Fernley, Carson City, and Carson Valley. Whether you're looking…

by Kevin Kinney