Geeky Market Report for November 2025
Here is my Geeky Market Report for November 2025. If you’re short on time, here are the key highlights:
- The median home price in Reno is up 5.2% year-over-year.
- The median home price in Sparks is up 2.9% year-over-year.
- Interest rates are in the low 6% range.
- Inventory has decreased and overall pricing is stable.
See the charts below for more details.
Reno Median Home Price in November 2025
The median home price in Reno rose to $662,500 in November 2025, representing an increase of 3.5% from last month, as well as an increase of 5.2% from November 2024.
Sparks Median Home Price in November 2025
In November, the median home price in Sparks went down to $545,445. This was a decrease of 3.5% from October, but an increase of 2.9% from November 2024.
Inventory
During November, 369 homes and condos were added to the market. By the end of the month, 377 sold, leaving 1,126 listings available for purchase. At this rate of sale, if no other homes are added to the market, there would be enough inventory to satisfy buyer demand for 3 months.
Interest Rates
By the end of November 2025, interest rates were averaging around 6.23%. This is up 6 basis points from the end of October, but down 58 basis points from the same period last year.*
Thoughts for the November 2025 Market
In November, pricing in the Reno and Sparks housing market remained stable, with median home prices rising year over year in both cities. This is largely due to a slight drop in mortgage rates combined with inventory drop-off that usually occurs throughout the fall months.
Here are a few key stats that show increased buyer demand in November:
- Median days to contract has dropped to 35 days.
- On average, sellers received 98.6% of their list price.
- 26.3% of homes and condos sold, were cash sales.
So, what does this all mean?
For Home Buyers Looking in the Reno/Sparks Market
As we go into the late fall, early winter market, inventory drops, but doesn’t reduce to nothing. There are still a good number of homes on the market, and most sellers are eager to get offers, even if they’re below list price. Couple that with the softening of mortgage rates, and your buying power has significantly increased. That being said, if you find the perfect home, now is the time to make that move.
For Sellers Looking to Sell Their Reno/Sparks Home
Buyer activity drops during the last part of the year, so many sellers are waiting until the beginning of the year to list their home, hoping to catch more buyers. With that in mind, now is the time to get a staging review so you can make sure your home is market ready, and able to attract the most buyers when you list in the Spring.
Conclusion
The Reno/Sparks market is still stable, and would technically be considered a seller’s market, with buyer’s gaining ground in different sectors of the market.
If you are looking to buy or sell, call or text me at 775-351-9413.
