Reno Home Values

Closed sales in Reno, TX settled near $195 per square foot this quarter, above the $191 trailing twelve-month benchmark and tracking the roughly 9 percent annual gain logged over that window. Measured against Parker County's broader $214 per-square-foot benchmark, Reno continues to close well under the countywide tier, and the sale-price gap runs wider still — a roughly $375,500 median here trails the county's near-$456,000 figure by close to a fifth. Reno sellers are nonetheless capturing slightly more of their asking price than the county typically does, near 98 cents on the dollar versus roughly 97 countywide. With only 32 closings this quarter, the read stays directional rather than definitive, based on MLS data for 2026-09 closings in Reno.

Parker County's pipeline carries roughly 8.3 months of supply, while Reno's reads notably tighter at about 5.7 months — on its face, a locally starved market. Pending contracts complicate that picture: just one contract was working against 61 active listings, a far thinner pending-to-active ratio than the county shows. New listings kept arriving at roughly a dozen a month, restocking the shelf even as buyers signed almost nothing. Days on market held flat near 53 for a second straight month, pointing to a slowdown concentrated at the front of the funnel rather than in how fast deals close.

Closings in Reno, TX rose for a second consecutive month, with 37 completed sales in the trailing quarter, up from 31 the month prior, even as the typical deal took a few days longer to close. Completed transactions settled near $186 per square foot, up from last month's reading and closer to the $189 trailing-twelve-month benchmark, based on MLS data for 2026-08 closings in Reno. Sellers continued to concede ground, with buyers closing just over 96 cents on the dollar against list price, though the concession rate eased to roughly one in three sales from last month's more-than-a-third reading. Nearly half of closings landed under list price, and none closed above it.

The pipeline in Reno points to a sharp deceleration in contract activity. Pending contracts fell to just 2, down from roughly 7 last month and a fraction of the trailing-twelve-month pace of 61, even as active inventory held steady near 67 homes. New listings arrived at a slower clip too, roughly 29 for the quarter versus a dozen-a-month pace previously. Months of supply eased to about five and a half months, still comfortably below Parker County's broader reading of just over eight months, suggesting Reno's slowdown in contract-writing is running ahead of any countywide shift.

For the second consecutive month, sellers in Reno, TX gave up more ground at the closing table. More than a third of transactions now carry a concession, up from roughly one in four last month, with the average giveback holding near $8,400. Based on MLS data for 2026-07 closings in Reno, buyers closed near 96 cents on the dollar against list price, with roughly two in five homes selling under list and none above it. Completed sales settled near $174 per square foot against a $186 trailing-twelve-month median, while time to close narrowed to 50 days. With just 31 closings, the sample is thin, but the pattern holds: sellers are conceding more even as homes move faster.

Active listings in Reno held nearly flat this quarter, but the contract side of the ledger did not keep pace — just 7 homes moved to pending against 63 active, a supply-to-contract gap that leaves months of supply near six months, down from the trailing-twelve-month reading but still comfortably in buyer-favoring territory. New listings continued arriving at a pace of roughly a dozen a month, replenishing the shelf faster than contracts cleared it. Parker County's far larger inventory shows a similar, if somewhat looser, imbalance, suggesting Reno's softened negotiating position tracks the broader county backdrop rather than a local anomaly.