Tuesday, January 15, 2019
By Bob Cross
Market Report: Reno 1/15

The Market by the Numbers

 

Median List Price: $485,000

Price Per sqft: $228

Days on Market: 119

Price Decreased: 44%

Price Increased: 2%

Relisted: 3%

Inventory: 710

Median House Rent: $1,800

Most Expensive: $13,900,000

Least Expensive: $134,900

Market Action Index: 35 (Slight seller’s advantage)

 

 

The Market by the Quartiles:

 

Top 25% of Properties

 

Median Price: $1,175,000

Sqft: 4,023

Lot Size: .5 – 1 acre

Beds: 4

Baths: 3

Age: 17

 

Upper-Middle 25% of Properties:

 

Median Price: $574,000

Sqft: 2,645

Lot Size: 8,000 – 10,000 sqft

Beds: 4

Bath: 3

Age: 15

 

Middle-Lower 25% of Properties

 

Median Price: $419,500

Sqft: 1,979

Lot Size: 6,500 – 8,000 sqft

Beds: 3

Bath: 2

Age: 18

 

Lowest 25% of Properties:

 

Median Price: $299,999

Sqft: 1,393

Lot Size: 6,500 – 8,000 sqft

Beds: 3

Bath: 2

Age: 40

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