The median home price in Reno is $610,000, making it the more expensive option compared to Sparks when looking at recent MLS closed-sale records from the past 30 days. This list ranks both cities based on key metrics such as median prices and days on market.
1. Reno
Reno leads with a median home price of $610,000. The city also has homes staying on the market for a median of 57 days before selling. Additionally, 52% of sales closed at or over asking price, indicating that many buyers are willing to pay list price or more.
2. Sparks
Sparks follows with a median home price of $518,000. Homes in Sparks typically spend around 49 days on the market before being sold. Moreover, 63% of sales closed at or over asking, suggesting that properties are selling close to their list prices.
What this data does and doesn't say
This ranking is computed from MLS closed-sale and active-listing records for residential properties only, with medians calculated over the trailing 30 days. Single-month median metrics can be unreliable in thinly traded segments of the market. These figures come from the same dataset behind the Biggest Little Market Report.
Questions people ask
- How has Reno's home price changed year-over-year?
- Reno’s median home prices have increased by 15.3% compared to the previous year.
- What about Sparks' year-over-year change?
- In contrast, Sparks experienced a decrease of 6.7% in its median home prices from last year.
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