Median sales price by zip code

median sales price by zip codeThe table below shows the median sales prices for houses and condos throughout the Reno and Sparks, Nevada metropolitan area, broken out by zip code. I compared 2014 4th-quarter data to the same period for 2013. The zip codes are sorted by percent change in sales price, in descending order.

Three of the zip codes had very few sales (10 or fewer) for either one or both of the time periods reported, resulting in a highly variable (and perhaps less meaningful) percent change. I have denoted these zip codes with an asterisk.

For comparison purposes, see last year’s post, Which zip codes saw the greatest price increase in 2013?, where I compared 2013 4th-quarter sales data with 2012 4th-quarter sales, by zip code.

Also, here is link to a map showing the zip code boundaries for Greater Reno-Sparks, Washoe County, Nevada – provided by the Center for Regional Studies.

Zip Code Area % Increase 2014 Q4 Median Price 2013 Q4 Median Price
89501* Reno (Downtown) 28.3% $229,000 $178,450
89433 Sparks (Sun Valley) 20.6% $187,450 $155,450
89511 Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) 19.3% $525,000 $440,000
89509 Reno (Old Southwest) 19.1% $328,250 $275,500
89434 Sparks (D’Andrea) 18.8% $205,000 $172,600
89436 Sparks (Spanish Springs, Wingfield Springs) 17.4% $269,950 $230,000
89502 Reno (Hidden Valley, Donner Springs) 15.5% $171,000 $148,000
89506 Reno (Stead, Lemmon Valley, Golden Valley) 14.3% $182,897 $160,001
89503 Reno (NW) 12.1% $190,500 $170,000
89431 Sparks 11.9% $156,500 $139,900
89704 Washoe Valley 9.7% $255,000 $232,500
89508 Cold Springs, Rancho Haven 8.9% $193,900 $178,000
89523 Reno (Somersett) 7.5% $285,000 $265,000
89521 Reno (Double Diamond, Damonte Ranch) 7.4% $289,850 $270,000
89519 Reno (Caughlin Ranch) 4.3% $425,000 $407,450
89441 West Spanish Springs 2.3% $312,000 $305,000
89510* Palomino Valley -3.2% $305,000 $315,000
89512 Reno (North) -6.4% $103,000 $110,000
89439* Verdi-Mogul -10.6% $357,530 $400,000
  all zip codes combined 16.5% $233,000 $200,000

* denotes 10 or fewer sales for the quarter.

This next table presents the same zip code data sorted by 2014 4th-quarter median sales price.

Zip Code Area 2014 Q4 Median Price 2013 Q4 Median Price % Increase
89511 Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) $525,000 $440,000 19.3%
89519 Reno (Caughlin Ranch) $425,000 $407,450 4.3%
89439* Verdi-Mogul $357,530 $400,000 -10.6%
89509 Reno (Old Southwest) $328,250 $275,500 19.1%
89441 West Spanish Springs $312,000 $305,000 2.3%
89510* Palomino Valley $305,000 $315,000 -3.2%
89521 Reno (Double Diamond, Damonte Ranch) $289,850 $270,000 7.4%
89523 Reno (Somersett) $285,000 $265,000 7.5%
89436 Sparks (Spanish Springs, Wingfield Springs) $269,950 $230,000 17.4%
89704 Washoe Valley $255,000 $232,500 9.7%
89501* Reno (Downtown) $229,000 $178,450 28.3%
89434 Sparks (D’Andrea) $205,000 $172,600 18.8%
89508 Cold Springs, Rancho Haven $193,900 $178,000 8.9%
89503 Reno (NW) $190,500 $170,000 12.1%
89433 Sparks (Sun Valley) $187,450 $155,450 20.6%
89506 Reno (Stead, Lemmon Valley, Golden Valley) $182,897 $160,001 14.3%
89502 Reno (Hidden Valley, Donner Springs) $171,000 $148,000 15.5%
89431 Sparks $156,500 $139,900 11.9%
89512 Reno (North) $103,000 $110,000 -6.4%
  all zip codes combined $233,000 $200,000 16.5%

* denotes 10 or fewer sales for the quarter.

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 – February 2015. Note: This information is deemed reliable, but not guaranteed.

Related post: Which zip codes saw the greatest price increase in 2013?

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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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