The median home price in Reno hit $570,000 in January.
That’s according to the latest report released by the Reno/Sparks Association of REALTORS®.
The new price is an increase of 26.7% from last year and a 4.6% increase from the previous month.
Existing condos sold for $330,000, an increase of 33.1% from last year.
As for Sparks, the median home price was $520,000, an increase of 22.4% from last year and a 1.2% increase from the previous month.
Existing condos sold for $306,950, an increase of 55.4% from last year.
It also says the 400 new listings on the market during January was 33% higher than the inventory of 300 during December.
Correction: This story has been updated with new figures, after the Reno/Sparks Realtors Association says software used to compile RSAR's monthly housing reports was outdated.
