Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2013?

NNRMLS map The median sales price for houses and condos in the Reno-Sparks area increased nearly 25 percent in 2013. [December 2013 median ($207,000) compared to December 2012 median ($166,000) = 24.7% increase]

While all areas in our market experienced price increases in 2013, not all areas saw the same level of increase. In fact the variability was quite wide, with some areas seeing price increases more than three times that of other areas.

The table below shows Reno-Sparks’ increase in median sales price across the top-selling MLS areas [units sold]. To ensure I had enough data with which to analyze, I compared 2013’s 4th quarter sales to 2012’s 4th-quarter sales. I then sorted the results by greatest to smallest percent increase.

Rank MLS Area % Change 2013 Q4 Median 2012 Q4 Median
1 Reno-Cold Springs 49.2% $165,900 $111,200
2 Sparks 48.8% $126,500 $85,000
3 Reno-North 45.4% $110,500 $76,000
4 Reno-Old Northwest 35.3% $170,500 $126,000
5 Reno-Old Southwest 34.8% $252,000 $187,000
6 Sparks-East 30.7% $166,700 $127,500
7 Reno-Donner Springs 28.6% $163,350 $127,000
8 Reno-Stead 27.3% $140,000 $109,950
9 Reno-Northwest Foothills 27.0% $350,224 $275,702
10 Reno-Northwest Suburban 26.1% $225,000 $178,500
11 Reno-South Suburban 25.9% $515,000 $409,000
12 Sun Valley 24.0% $155,000 $125,000
13 Reno-South Meadows 22.7% $270,000 $220,000
14 Spanish Springs-West 22.4% $225,000 $183,750
15 Spanish Springs-South 22.2% $244,000 $199,659
16 Sparks-Suburban 15.5% $225,000 $194,883
17 Reno-Southwest 15.4% $300,000 $260,000

To see the boundaries of the MLS areas click Reno-Sparks MLS Area Map

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Note: The median home price data reported above covers top-selling MLS areas [units sold] throughout Reno, Nevada and Sparks, Nevada. Residential data includes Site/Stick Built properties and Condo/Townhouses. Data excludes Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – January 2014. Note: This information is deemed reliable, but not guaranteed.

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About Guy Johnson

I am a licensed Nevada REALTOR® (lic.# S.0075262.LLC) living and working in fabulous Reno, Nevada. I cover Reno, Sparks, Incline Village, Carson City, and beyond. Give me a call at 775-722-4011 and I will be happy to assist you with your real estate needs. I'm your Guy!
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3 Responses to Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2013?

  1. Avatar Catherine says:

    wow to Cold Springs! Driving out there will cost you a lot of extra gas though!

  2. Pingback: Interactive MLS area Google map | Reno Real Estate Blog

  3. Pingback: Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2014? | Reno Real Estate Blog

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