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.
| 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 (184) | 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…
| 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 |
| 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 |
| 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% |
| 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 |
| 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?
