Reno and Sparks, Nevada Home Sales by MLS Area

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Last week I published a blog post reporting 2016’s home sales broken out by zip code — see 2016 Washoe County Home Sales By Zip Code. It’s always a popular post topic, and one I typically address annually.

Another well-received method of breaking out home sales is by MLS (multiple listing service) area. Our local MLS, the Northern Nevada Regional MLS, defines distinct MLS areas as a way referencing property listings. These map-based MLS areas provide a greater degree of detail than that of the larger areas defined by zip codes.

For example, whereas less than 20 zip codes cover the Reno-Sparks metro area, more than 40 MLS areas have been defined for it. You may see a list of these MLS areas here. [Note: to see the boundaries of a particular MLS area, use the interactive MLS Area map at the bottom of this post.]

The table below shows 2016 residential home sales for Reno and Sparks broken out by MLS Area. The sales reflected in the table below include “Site/Stick Built” and “Condo/Townhouse” properties. Data excludes Manufactured/Modular and Shared Ownership properties. The table is sorted by 2016 median sales price — highest to lowest. For comparison purposes sales data for 2015 is also included in the table.

2016 Sales by MLS Area
MLS Area (Area #) 2016 Sales (units sold) 2016 Median Price 2015 Sales (units sold) 2015 Median Price YoY % Change – Median Price
Reno-Southwest Suburban (171) 86 $800,000 84 $738,500 8.3%
West Washoe Valley (175) 15 $721,000 21 $530,000 36.0%
Reno-South Suburban (165) 242 $614,000 247 $630,000 -2.5%
Verdi (124) 22 $563,000 21 $475,000 18.5%
Reno-West Southwest (161) 102 $512,500 131 $495,000 3.5%
Spanish Springs-East (185) 58 $440,000 77 $383,000 14.9%
Pleasant Valley (174) 20 $431,000 24 $397,000 8.6%
Reno-Northwest Foothills (122) 243 $400,000 264 $358,900 11.5%
Reno-West Suburban (123) 17 $395,000 14 $353,500 11.7%
Reno-Old South Suburban (164) 83 $391,000 93 $410,000 -4.6%
Reno-Southwest (163) 446 $380,000 465 $345,000 10.1%
Reno-Foothills (173) 50 $370,950 51 $325,000 14.1%
Reno-South Meadows (143) 759 $352,000 706 $320,000 10.0%
Virginia City Highlands (176) 32 $345,000 45 $288,000 19.8%
Reno-Old Southwest (160) 260 $340,000 238 $320,000 6.3%
Washoe Valley (177) 54 $334,500 54 $286,500 16.8%
Palomino Valley (186) 14 $334,000 25 $310,000 7.7%
Sparks-Foothills (188) 112 $330,049 107 $299,950 10.0%
Spanish Springs-South (183) 481 $330,000 460 $300,000 10.0%
Reno-Hidden Valley (142) 125 $329,000 107 $299,900 9.7%
Sparks-Suburban (182) 472 $313,770 460 $282,995 10.9%
Reno-Golden Valley (132) 89 $312,000 98 $299,900 4.0%
Reno-Silver Knolls (135) 25 $310,000 29 $270,000 14.8%
Spanish Springs-West (185) 268 $309,450 270 $280,000 10.5%
Reno-Northwest Suburban (121) 457 $308,000 436 $287,000 7.3%
Reno-Red Rock (137) 8 $302,500 17 $330,000 -8.3%
Reno-Rancho Haven (138) 26 $282,500 22 $270,000 4.6%
Reno-Lemmon Valley (133) 119 $249,000 121 $225,000 10.7%
Reno-Old Northwest (120) 409 $245,000 361 $215,000 14.0%
Reno-Donner Springs (141) 223 $245,000 205 $195,100 25.6%
Sparks-East (181) 533 $240,000 445 $215,000 11.6%
Reno-North Valley (131) 77 $239,999 75 $220,000 9.1%
Reno-Cold Springs (136) 244 $239,000 223 $215,000 11.2%
Sun Valley (130) 119 $228,000 106 $203,000 12.3%
Reno-Downtown Core (116) 77 $223,000 81 $201,000 10.9%
Reno-Stead (134) 422 $219,950 372 $197,750 11.2%
Sparks (180) 346 $189,900 286 $166,500 14.1%
East Truckee River (187) 10 $184,250 9 $159,800 15.3%
Reno-North (119) 241 $169,000 247 $140,000 20.7%
Reno-Southeast (140) 204 $134,000 195 $125,000 7.2%
Total 7590 $287,000 7295 $265,000 8.3%

Let’s look at the MLS areas along different categories…

Highest Median Sales Price MLS Areas – 2016
Rank MLS Area (Area #) 2016 Median Price
1 Reno-Southwest Suburban (171) $800,000
2 West Washoe Valley (175) $721,000
3 Reno-South Suburban (165) $614,000
Lowest Median Sales Price MLS Areas – 2016
Rank MLS Area (Area #) 2016 Median Price
1 Reno-Southeast (140) $134,000
2 Reno-North (119) $169,000
3 East Truckee River (187) $184,250
Greatest Increase in Median Sales Price Year-over-year – 2016
Rank MLS Area (Area #) YoY % Change in Median Price
1 West Washoe Valley (175) 36.0%
2 Reno-Donner Springs (141) 25.6%
3 Reno-North (119) 20.7%
Most Number of Homes Sold – 2016
Rank MLS Area (Area #) 2016 Sales (units sold)
1 Reno-South Meadows (143) 759
2 Sparks-East (181) 533
3 Spanish Springs-South (183) 481
Greatest Increase in Number of Homes Sold Year-over-year – 2016
Rank MLS Area (Area #) YoY % Change in Homes Sold
1 Reno-West Suburban (123) 21.4%
2 Sparks (180) 21.0%
3 Sparks-East (181) 19.8%

To see the boundaries of a particular MLS area, use this interactive MLS Area map. You may zoom into a particular area and then click on the area to see its name and number.

Note: The home sale data reported above covers the cities of Reno, Nevada and Sparks, Nevada [NNRMLS Area #100]. Residential data includes “Site/Stick Built” and “Condo/Townhouse” properties. Data excludes Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – January 8, 2017. 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 2015?

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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