Housing markets across the nation saw their respective home prices rise dramatically in 2013 — with some cities seeing the highest increases in 20 years.
The Reno-Sparks market was no exception. December’s median sales price was up 26 percent year-over-year. But not all areas experienced the same magnitude of increase. The table below shows Reno-Sparks’ increase in median sales price across zip codes. To ensure I had enough data with which to work, I compared 2013’s 4th quarter sales to 2012’s 4th-quarter sales. The table was then sorted by largest increase.
| Zip Code | Area | % Increase | 2013 Q4 Median Price | 2012 Q4 Median Price |
| 89512 | Reno (North) | 53.21% | $110,500 | $72,125 |
| 89501 | Reno (Downtown) | 52.00% | $190,000 | $125,000 |
| 89508 | Cold Springs, Rancho Haven | 48.68% | $179,900 | $121,000 |
| 89431 | Sparks | 44.23% | $139,900 | $97,000 |
| 89439 | Verdi-Mogul | 35.59% | $400,000 | $295,000 |
| 89506 | Reno (Stead, Lemmon Valley, Golden Valley) | 34.44% | $162,000 | $120,500 |
| 89503 | Reno (NW) | 33.86% | $170,000 | $127,000 |
| 89509 | Reno (Old Southwest) | 31.05% | $276,000 | $210,612 |
| 89523 | Reno (Somersett) | 28.64% | $265,000 | $206,000 |
| 89441 | West Spanish Springs | 26.04% | $302,500 | $240,000 |
| 89519 | Reno (Caughlin Ranch) | 23.66% | $407,450 | $329,500 |
| 89433 | Sparks (Sun Valley) | 22.77% | $155,000 | $126,250 |
| 89521 | Reno (Double Diamond, Damonte Ranch) | 22.73% | $270,000 | $220,000 |
| 89704 | Washoe Valley | 22.37% | $232,500 | $190,000 |
| 89510 | Palomino Valley | 20.81% | $315,000 | $260,750 |
| 89502 | Reno (Hidden Valley, Donner Springs) | 19.59% | $146,500 | $122,500 |
| 89436 | Sparks (Spanish Springs, Wingfield Springs) | 18.65% | $229,000 | $193,000 |
| 89434 | Sparks (D’Andrea) | 15.80% | $173,700 | $150,000 |
| 89511 | Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) | -0.35% | $440,000 | $441,545 |
Related: Reno and Sparks median home sales by zip code
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 – January 2014. Note: This information is deemed reliable, but not guaranteed.
Todd Conklin
These are some great numbers for the year minus that last zip code. It’ll be interesting to see how 89511 fares in 2014 compared to the others.
Median sales price by zip code | Reno Real Estate Blog
[…] 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 […]