Published October 23, 2026 in Market Update

South Reno and Damonte Ranch saw more listings and more sales

By Matthew Murphy

Real estate, South Reno/ Damonte Ranch

The Real Estate Data Aggregator counted 372 new listings and 364 sales across South Reno and Damonte Ranch in the three months ending August 31, 2026. More homes came to market, and buyers kept pace. That is the headline fact for any homeowner thinking about timing.

More listings means more competition for sellers. But 364 sales tells you buyers did not step back. The Real Estate Data Aggregator also counted 360 pending sales in the same period. Demand held up even as supply grew.

What the two main ZIP codes show

ZIP 89521 is the larger story. The Real Estate Data Aggregator counted 260 homes sold there, up 52% from the same three months in 2025. New listings rose 45% to 261. The median sale price came in at $737,000, up 6.4% year over year. Prices moved up even as more homes hit the market.

ZIP 89502 tells a different story on price. The Real Estate Data Aggregator put the median sale price at $445,000, down 2.2% from a year before. That is a small dip. But 100 homes sold there, up 16.3%, and homes for sale fell 35.1%. Less supply, more sales, and prices only edged lower.

How fast are homes moving?

In 89521, the Real Estate Data Aggregator put the median days on market at 50 days, unchanged from a year before. In 89502, it was 47 days, six days shorter than a year ago. Neither ZIP is slow. Realtor.com put the broader South region at 68 days on market in September 2026, so South Reno is moving faster than that wider measure.

In 89521, 35% of homes went under contract within two weeks of listing, up 2.9 points from a year before, per the Real Estate Data Aggregator. In 89502, that share was 43.3%, up 12.3 points. Nearly half the homes in 89502 found a buyer in two weeks or less.

Sellers are mostly getting their price

The Real Estate Data Aggregator put the average sale-to-list ratio at 98.8% in 89521 and 99% in 89502. Sellers are landing very close to their asking price. In 89502, 21% of homes sold above list, up 12.9 points from a year ago. In 89521, 16.5% sold above list, down just 1 point.

The rate picture

Rates are not helping buyers. CNBC reported the average 30-year fixed rate fell to 7.41% from 7.50% in the week ending October 21, 2026. Realtor.com noted rates topped 7% as of September 2026. Higher rates slow some buyers down. Yet sales in South Reno rose anyway.

The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. South Reno's 89521 outpaced that with a 6.4% gain, per the Real Estate Data Aggregator.

A note on Virginia City (89440)

The Real Estate Data Aggregator counted just 4 homes sold in ZIP 89440 in the three months ending August 31, 2026, with 9 homes for sale and 6.9 months of supply. That is a slower, smaller market. Small sample sizes can shift the numbers a lot from one period to the next.

These are ZIP-code-wide numbers. One street can read very differently from the whole ZIP. A block with newer homes, a different school zone, or a busier road can shift days on market and price by more than the averages suggest. Text me your address and I can tell you what the numbers look like right around you.