Reno-Sparks April 2026 Market Update — Spring Is Real
- danielhodgins
- May 4
- 3 min read
If you've been watching the Reno-Sparks market and wondering whether spring would actually show up this year — it did. April delivered the kind of numbers I haven't seen since the early 2024 run.
Here's the snapshot, then let's get into what it means for you.
The April 2026 numbers
Median sale price: $615,000 (up 5.1% year-over-year, up 3.4% from March)
Closed sales: 431 (up 14.6% year-over-year)
Median days to contract: 11 (down 38.9% year-over-year)
Percent of list price received: 99.1% (up slightly from a year ago)
Median sold price per square foot: $328 (up 2.2% year-over-year)
New listings: 575 (up 2.0% year-over-year)
Active inventory: 681 (down 24.5% year-over-year)
Months supply of inventory: 1.6 (down 34.1% year-over-year)
Source: NNRMLS via Domus Analytics, single-family residences in Washoe County.
What's actually happening here
Three things stand out in this report, and they all point in the same direction.
First — sales volume is up 14.6% year-over-year. That's not a small move. Buyers who sat on the sidelines through 2025 are coming back, and they're moving fast.
Second — homes are going under contract in 11 days. That's down from 18 a year ago. When a market hits single-digit days-to-contract for the well-priced homes, it tells you sellers are pricing right and buyers are competing.
Third — inventory is still tight. Active listings are down 24.5% from this time last year. We're getting new listings (up 2%), but they're being absorbed almost as fast as they hit the market. 1.6 months of supply is firmly in seller's-market territory — anything under 4 months favors sellers, and we're well below that.
If you're a seller
This is your window. Homes that are priced and prepped right are going under contract in under two weeks at near-asking. The risk in a market like this isn't pricing too low — it's pricing too high and watching the listing go stale while buyers move on to the next one.
If you've been thinking about selling but waiting for "the right time," the data is telling you the right time is now.
If you're a buyer
It's competitive, but it's not 2021. You're paying near asking, not $50K over. You have inspection contingencies and financing contingencies. The strategy that works right now: be pre-approved, be ready to move quickly, and be honest with yourself about what you can compete on (price, terms, timeline).
If you need a lender, I have a great one to recommend — someone who can get you pre-approved fast and writes letters that compete with cash offers.
If you're sitting on the fence
This is the conversation I'm having most often right now. Rates aren't going back to 3%. Prices aren't crashing in Northern Nevada. The story for the last 18 months has been "wait and see," and the people who waited paid more this year than they would have last year. That's the math.
Doesn't mean you should rush. It does mean you should run the numbers for your specific situation — what does buying look like vs. renting, what does selling look like at today's pricing, what does staying put cost you?
Want the math for your situation?
I run custom market analyses for anyone in the Reno, Sparks, or surrounding area — buyers, sellers, or just curious. No obligation, no pitch. Just the numbers for your specific home, neighborhood, and goals.
Call or text me at (775) 303-3355 — happy to talk through any of this with you.
Daniel Hodgins | eXp Realty | Lic# S.0193271
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