The median sales price for houses and condos in the Reno-Sparks area increased nearly 25 percent in 2013. [December 2013 median ($207,000) compared to December 2012 median ($166,000) = 24.7% increase]
While all areas in our market experienced price increases in 2013, not all areas saw the same level of increase. In fact the variability was quite wide, with some areas seeing price increases more than three times that of other areas.
The table below shows Reno-Sparks’ increase in median sales price across the top-selling MLS areas [units sold]. To ensure I had enough data with which to analyze, I compared 2013’s 4th quarter sales to 2012’s 4th-quarter sales. I then sorted the results by greatest to smallest percent increase.
| Rank | MLS Area | % Change | 2013 Q4 Median | 2012 Q4 Median |
| 1 | Reno-Cold Springs | 49.2% | $165,900 | $111,200 |
| 2 | Sparks | 48.8% | $126,500 | $85,000 |
| 3 | Reno-North | 45.4% | $110,500 | $76,000 |
| 4 | Reno-Old Northwest | 35.3% | $170,500 | $126,000 |
| 5 | Reno-Old Southwest | 34.8% | $252,000 | $187,000 |
| 6 | Sparks-East | 30.7% | $166,700 | $127,500 |
| 7 | Reno-Donner Springs | 28.6% | $163,350 | $127,000 |
| 8 | Reno-Stead | 27.3% | $140,000 | $109,950 |
| 9 | Reno-Northwest Foothills | 27.0% | $350,224 | $275,702 |
| 10 | Reno-Northwest Suburban | 26.1% | $225,000 | $178,500 |
| 11 | Reno-South Suburban | 25.9% | $515,000 | $409,000 |
| 12 | Sun Valley | 24.0% | $155,000 | $125,000 |
| 13 | Reno-South Meadows | 22.7% | $270,000 | $220,000 |
| 14 | Spanish Springs-West | 22.4% | $225,000 | $183,750 |
| 15 | Spanish Springs-South | 22.2% | $244,000 | $199,659 |
| 16 | Sparks-Suburban | 15.5% | $225,000 | $194,883 |
| 17 | Reno-Southwest | 15.4% | $300,000 | $260,000 |
To see the boundaries of the MLS areas click Reno-Sparks MLS Area Map
related posts:
- Which areas of Reno and Sparks, Nevada sell the most homes?
- Which areas of Reno and Sparks, Nevada are trending up?
- Which zip codes saw the greatest price increase in 2013?
Note: The median home price data reported above covers top-selling MLS areas [units sold] 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.
Catherine
wow to Cold Springs! Driving out there will cost you a lot of extra gas though!
Interactive MLS area Google map | Reno Real Estate Blog
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Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2014? | Reno Real Estate Blog
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