Median home price for Reno/Sparks up slightly in December

Home in Reno
Home in Reno(Kelsey Marier/KOLO 8 News Now)
Published: Jan. 18, 2022 at 9:50 AM PST
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RENO, Nev. (KOLO) - The median price for a home in the Truckee Meadows went up slightly in December 2021. During the last month of the year it hit $545,000, an increase of 21.2 percent from 2020 and a 1.9 percent increase from the previous month, according to the Reno/Sparks Association of Realtors. If you include the North Valleys, the median sales price for a single-family home was $550,000, and $521,750 in Sparks if you include Spanish Springs.

Most of the Reno-Sparks area saw about a 6 percent drop in the number of home sales in December when compared to that same period of time in 2020.

RSAR officials say the inventory of homes available for purchase fell by 36 percent from the previous month, reflecting the normal holiday slowdown. Homes were under contract an average of only 15 days after they were listed for sale.

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