The Reno and Sparks real estate market is heating up this spring, with signs of growing activity and shifting dynamics. Whether you’re planning to buy or sell, April’s market update offers key insights into how the local housing landscape is evolving.
April 2025 Highlights at a Glance:
-
Median Sales Price: $582,500
⬆ Up 3.1% year-over-year
⬆ Up 2.2% from March 2025
-
Closed Sales: 373
⬆ Up 0.3% from April 2024
⬇ Down 1.1% from last month
-
Median Days to Contract: 19
⬇ Down 111.1% from a year ago
⬇ Down 46.2% from March
-
List Price Received: 98.7%
⬇ Slight decline of 0.3% year-over-year
-
Median Sold Price per Sq. Ft.: $321
⬆ Up 4.9% from last year
-
New Listings: 546
⬆ Up 9.2% from April 2024
-
Active Inventory: 828
⬆ Up 41.8% year-over-year
-
Months Supply of Inventory: 2.2
⬆ Up 41.4% from April 2024
What These Stats Mean for Buyers
Buyers in the Reno/Sparks area may find some welcome news this spring. Active inventory has grown significantly—up over 41% compared to last year—which means more homes to choose from. New listings are also increasing, helping to ease the competitive pressure of previous months.
Although home prices are rising, the increase in available homes and the slight dip in list price received (98.7%) could offer some negotiating room—especially for buyers who are prepared with pre-approvals and realistic expectations. Additionally, homes are going under contract faster, so acting quickly when you find the right property is essential.
In short, it’s still a competitive market, but not as tight as it was a year ago. Buyers who stay informed and work with a local expert can better navigate the fast-moving environment.
What These Stats Mean for Sellers
If you’re thinking about selling, the market continues to be in your favor. Home prices are up, days on market are down, and sellers are still receiving nearly full asking price. The median days to contract dropped to just 19, a clear indicator that serious buyers are still actively shopping and making quick decisions.
The rise in inventory means sellers need to ensure their home stands out—pricing strategically, staging effectively, and marketing with a professional edge will be key. However, the overall conditions remain strong for sellers who want to take advantage of high property values and buyer urgency before potential summer slowdowns.
Final Thoughts
April’s stats show a market that is still strong—but evolving. Whether you’re looking to buy your first home or list a property, understanding the nuances of today’s market can help you make the best move possible.
Want to talk about your options in this market? The team at HomeGate Realty is here to help you make confident decisions backed by local expertise.
