Which zip codes saw the greatest price increase in 2013?

price increase by zip code - 2013Housing markets across the nation saw their respective home prices rise dramatically in 2013 — with some cities seeing the highest increases in 20 years.

The Reno-Sparks market was no exception. December’s median sales price was up 26 percent year-over-year. But not all areas experienced the same magnitude of increase. The table below shows Reno-Sparks’ increase in median sales price across zip codes. To ensure I had enough data with which to work, I compared 2013’s 4th quarter sales to 2012’s 4th-quarter sales. The table was then sorted by largest increase.

Zip Code Area % Increase 2013 Q4 Median Price 2012 Q4 Median Price
89512 Reno (North) 53.21% $110,500 $72,125
89501 Reno (Downtown) 52.00% $190,000 $125,000
89508 Cold Springs, Rancho Haven 48.68% $179,900 $121,000
89431 Sparks 44.23% $139,900 $97,000
89439 Verdi-Mogul 35.59% $400,000 $295,000
89506 Reno (Stead, Lemmon Valley, Golden Valley) 34.44% $162,000 $120,500
89503 Reno (NW) 33.86% $170,000 $127,000
89509 Reno (Old Southwest) 31.05% $276,000 $210,612
89523 Reno (Somersett) 28.64% $265,000 $206,000
89441 West Spanish Springs 26.04% $302,500 $240,000
89519 Reno (Caughlin Ranch) 23.66% $407,450 $329,500
89433 Sparks (Sun Valley) 22.77% $155,000 $126,250
89521 Reno (Double Diamond, Damonte Ranch) 22.73% $270,000 $220,000
89704 Washoe Valley 22.37% $232,500 $190,000
89510 Palomino Valley 20.81% $315,000 $260,750
89502 Reno (Hidden Valley, Donner Springs) 19.59% $146,500 $122,500
89436 Sparks (Spanish Springs, Wingfield Springs) 18.65% $229,000 $193,000
89434 Sparks (D’Andrea) 15.80% $173,700 $150,000
89511 Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) -0.35% $440,000 $441,545

Related: Reno and Sparks median home sales by zip code

Note: The median home price data reported above covers zip codes 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.

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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2 Responses to Which zip codes saw the greatest price increase in 2013?

  1. Todd Conklin says:

    These are some great numbers for the year minus that last zip code. It’ll be interesting to see how 89511 fares in 2014 compared to the others.

  2. Pingback: Median sales price by zip code | Reno Real Estate Blog

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