Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2015?

MLS map iconOn a quarter-over-quarter basis, the median sales price for houses in the Reno-Sparks market increased a little over 10 percent in 2015 [4th-quarter 2014 median of $286,286 compared to 4th-quarter 2013 median of $260,000.]

However, not all Reno and Sparks, Nevada areas saw the same degree home price appreciation. In fact, some areas even experienced a decline in median sales price.

The table below shows the percent change in median sales price for Q4 2015 over Q4 2014 broken out by MLS Area and then sorted from highest to lowest. Because the number of sales was quite thin for some MLS areas, this created a high degree of variability in the “percent change” results. For that reason I filtered on only those MLS areas that had at least 25 sales in either one or both of the quarters being compared.

MLS Area MLS Area # 2015 Q4 Sales 2015 Q4 Median Sold Price 2014 Q4 Sales 2014 Q4 Median Sold Price % Change in Median Q-o-Q
Reno-North 119 40 $224,151 42 $156,500 43%
Reno-South Suburban 165 50 $717,000 61 $531,900 35%
Reno-Old Southwest 160 39 $397,500 60 $315,000 26%
Reno-Lemmon Valley 133 34 $225,000 25 $180,750 24%
Reno-West Southwest 161 31 $525,000 28 $425,000 24%
Reno-Southeast 140 25 $193,000 17 $157,000 23%
Reno-Old Northwest 120 71 $239,900 66 $200,000 20%
Reno-Donner Springs 141 29 $239,000 33 $200,000 20%
Sparks-Foothills 188 33 $315,000 20 $265,075 19%
Sun Valley 130 28 $214,950 25 $185,000 16%
Reno-Stead 134 68 $206,750 84 $180,000 15%
Sparks 180 59 $183,000 55 $159,600 15%
Reno-Cold Springs 136 55 $220,000 47 $192,000 15%
Reno-South Meadows 143 126 $340,000 149 $299,900 13%
Sparks-Suburban 182 95 $305,000 100 $269,750 13%
Reno-Northwest Suburban 121 101 $305,000 90 $269,750 13%
Spanish Springs-West 184 52 $275,000 54 $244,500 12%
Spanish Springs-South 183 92 $319,000 117 $284,000 12%
Sparks-East 181 96 $221,250 82 $198,500 11%
All MLS Areas 100 1,457 $286,286 1,482 $260,000 10%
Reno-Golden Valley 132 29 $300,000 23 $275,000 9%
Reno-Southwest 163 70 $397,500 80 $402,500 -1%
Reno-Northwest Foothills 122 67 $349,340 43 $365,000 -4%

Reno-North tops the list with the largest increase in home prices in 2015 — showing a whopping 43 percent increase. Interestingly, Reno-North experienced a decrease in its median sold price the previous year — falling 9.7 percent in 2014.

To see the boundaries of a particular MLS area, use the interactive MLS Area map below.

Note: The median home price data reported above covers MLS areas throughout Reno, Nevada and Sparks, Nevada. Residential data includes Site/Stick Built properties. Data excludes Condos/Town homes, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – January 2016. Note: This information is deemed reliable, but not guaranteed.

Related post: Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2014?

For the data geeks, the table below includes all the data, unfiltered and unsorted.

MLS Area Q4 2015 Sales Q4 2015 Median Sold Price Q4 2015 Average DOM MLS Area Q4 2014 Sales Q4 2014 Median Sold Price Q4 2014 Average DOM
Reno-North 40 $224,151 110 Reno-North 42 $156,500 129
Reno-Old Northwest 71 $239,900 78 Reno-Old Northwest 66 $200,000 89
Reno-Northwest Suburban 101 $305,000 86 Reno-Northwest Suburban 90 $269,750 89
Reno-West Suburban 4 $324,500 74 Reno-West Suburban 3 $295,000 48
Verdi 6 $455,000 145 Verdi 2 $357,500 271
Sun Valley 28 $214,950 61 Sun Valley 25 $185,000 74
Reno-North Valley 17 $238,000 89 Reno-North Valley 16 $154,500 160
Reno-Golden Valley 29 $300,000 104 Reno-Golden Valley 23 $275,000 101
Reno-Lemmon Valley 34 $225,000 88 Reno-Lemmon Valley 25 $180,750 77
Reno-Stead 68 $206,750 82 Reno-Stead 84 $180,000 95
Reno-Silver Knolls 12 $276,000 157 Reno-Silver Knolls 7 $241,500 96
Reno-Cold Springs 55 $220,000 72 Reno-Cold Springs 47 $192,000 84
Reno-Red Rock 6 $378,250 120 Reno-Red Rock 4 $293,500 114
Reno-Rancho Haven 3 $258,000 332 Reno-Rancho Haven 1 $249,000 83
Reno-Southeast 25 $193,000 77 Reno-Southeast 17 $157,000 74
Reno-Donner Springs 29 $239,000 72 Reno-Donner Springs 33 $200,000 109
Reno-Hidden Valley 13 $335,000 53 Reno-Hidden Valley 27 $325,500 110
Reno-South Meadows 126 $340,000 70 Reno-South Meadows 149 $299,900 93
Reno-Old Southwest 39 $397,500 151 Reno-Old Southwest 60 $315,000 83
Reno-South Suburban 50 $717,000 154 Reno-South Suburban 61 $531,900 130
Reno-Southwest Suburban 15 $592,000 186 Reno-Southwest Suburban 28 $775,000 160
Reno-Foothills 13 $345,000 94 Reno-Foothills 12 $288,000 89
Pleasant Valley 8 $506,000 181 Pleasant Valley 2 $171,000 211
West Washoe Valley 8 $466,500 149 West Washoe Valley 1 $426,000 57
Virginia City Highlands 11 $283,000 146 Virginia City Highlands 16 $217,000 165
Washoe Valley 11 $280,000 90 Washoe Valley 8 $257,450 104
Sparks 59 $183,000 82 Sparks 55 $159,600 90
Sparks-East 96 $221,250 99 Sparks-East 82 $198,500 78
Sparks-Suburban 95 $305,000 83 Sparks-Suburban 100 $269,750 86
Spanish Springs-South 92 $319,000 93 Spanish Springs-South 117 $284,000 105
Spanish Springs-West 52 $275,000 117 Spanish Springs-West 54 $244,500 99
Spanish Springs-East 18 $401,000 124 Spanish Springs-East 25 $365,000 113
Palomino Valley 4 $240,000 122 Palomino Valley 6 $315,000 197
East Truckee River 1 $162,000 88 East Truckee River 1 $165,000 18
North Washoe County 1 $260,000 166        
Reno-West Southwest 31 $525,000 134 Reno-West Southwest 28 $425,000 138
Reno-Southwest 70 $397,500 114 Reno-Southwest 80 $402,500 112
Reno-Old South Suburban 16 $637,000 148 Reno-Old South Suburban 21 $485,000 154
Reno-Northwest Foothills 67 $349,340 114 Reno-Northwest Foothills 43 $365,000 115
Sparks-Foothills 33 $315,000 88 Sparks-Foothills 20 $265,075 77
        Reno-Downtown Core 1 $87,000 63
Subtotal 1457 $286,286 98 Subtotal 1482 $260,000 101
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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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2 Responses to Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2015?

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