As we dive into the heart of summer, the Reno and Sparks real estate market continues to show signs of strength and seasonal movement. With both month-over-month and year-over-year changes pointing to a dynamic market, buyers and sellers alike have plenty to consider.
📊 Key Market Stats – July 2025
(All data for single-family homes in Washoe County – Reno/Sparks)
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Median Sales Price: $610,000
Up 2.4% from May 2025 and 1.7% from June 2024
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Closed Sales: 433
Up 1.9% month-over-month and 9.9% year-over-year
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Median Days to Contract: 22 days
A sharp 22.2% drop from May and 57.1% lower than last year
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List Price Received: 98.7%
Holding steady month-over-month, with only a minor 0.8% dip year-over-year
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Median Sold Price per SqFt: $323
Down 1.4% from May but up 1.6% compared to June 2024
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New Listings: 584
Decreased 6.1% from May but still 7.7% higher than last year
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Active Inventory: 1,153
Up 11.7% from May and a notable 51.7% increase from last year
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Months Supply of Inventory: 2.7 months
Up 9.7% from May and up 38% year-over-year
What Does This Mean for Buyers?
Buyers are seeing more options on the market, with active inventory climbing and months of supply edging closer to a balanced market. While home prices have ticked up slightly, they’re not climbing at an unsustainable rate, and buyers can take advantage of the slower pace compared to last year.
The increased inventory (up over 50% from last year) gives buyers more negotiation power and reduces the pressure of bidding wars. The stable list-to-sale price ratio means that while homes are still selling close to asking price, there may be more room for strategic offers—especially for homes that have lingered longer on the market.
However, the quick pace of sales (only 22 median days to contract) means buyers need to stay decisive. Pre-approval, flexibility, and a clear understanding of what you want are more important than ever.
What Does This Mean for Sellers?
Sellers are still in a favorable position, with the median sales price climbing to $610,000 and homes selling swiftly. The fact that homes are going under contract in just over three weeks on average signals strong buyer demand, particularly for well-priced and well-presented homes.
However, the increase in inventory and new listings means more competition. To stand out, sellers should focus on strategic pricing, home preparation, and effective marketing. With 98.7% of list price being received on average, pricing correctly from the start is key to a fast and successful sale.
Additionally, with more choices for buyers, curb appeal and move-in readiness can make the difference between a showing and an offer. Professional photos, staging, and a solid online presence matter more than ever.
Final Thoughts
The Reno/Sparks housing market in July 2025 is showing measured growth and signs of increasing balance. Whether you’re buying or selling, the market offers opportunities—but smart strategy and expert guidance remain crucial.
If you’re curious about how these trends affect your home search or sale, the team at HomeGate Realty is here to help you navigate every step of the journey.
