Median sales price by zip code

median sales price by zip codeThe table below shows the median sales price for houses and condos throughout the Reno and Sparks, Nevada metropolitan area. I compared 2014 2nd-quarter data to the same period for 2013. The data is broken out by zip code and sorted by percent change in sales price, in descending order.

Three of the zip codes had very few sales (10 or fewer), resulting in a highly variable (and perhaps less meaningful) percent change. I have denoted these zip codes with an asterisk.

For comparison purposes, see January’s post, Which zip codes saw the greatest price increase in 2013?, where I compared 4th-quarter sales data between 2013 and 2012 by zip code.

Zip Code Area % Increase 2014 Q2 Median Price 2013 Q2 Median Price
89501* Reno (Downtown) 65.38% 215,000 130,000
89510* Palomino Valley 48.32% 308,500 208,000
89509 Reno (Old Southwest) 30.08% 320,000 246,000
89506 Reno (Stead, Lemmon Valley, Golden Valley) 25.79% 179,000 142,300
89502 Reno (Hidden Valley, Donner Springs) 25.00% 166,250 133,000
89431 Sparks 20.87% 139,000 115,000
89436 Sparks (Spanish Springs, Wingfield Springs) 18.99% 256,900 215,900
89503 Reno (NW) 18.34% 184,250 155,700
89519 Reno (Caughlin Ranch) 16.71% 461,000 395,000
89433 Sparks (Sun Valley) 16.15% 169,000 145,500
89434 Sparks (D’Andrea) 16.14% 191,000 164,450
89508 Cold Springs, Rancho Haven 15.51% 182,500 158,000
89521 Reno (Double Diamond, Damonte Ranch) 14.85% 290,000 252,499
89523 Reno (Somersett) 13.13% 280,000 247,500
89512 Reno (North) 11.46% 107,000 96,000
89441 West Spanish Springs 9.00% 309,500 283,950
89704 Washoe Valley 1.13% 268,000 265,000
89511 Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) -9.68% 420,000 465,000
89439* Verdi-Mogul -11.84% 335,000 380,000

* denotes 10 or fewer sales for the quarter.

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 – August 2014. Note: This information is deemed reliable, but not guaranteed.

Related post: Which zip codes saw the greatest price increase in 2013?

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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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