The table below shows the median sales prices for houses and condos throughout the Reno and Sparks, Nevada metropolitan area, broken out by zip code. I compared 2014 4th-quarter data to the same period for 2013. The zip codes are sorted by percent change in sales price, in descending order.
Three of the zip codes had very few sales (10 or fewer) for either one or both of the time periods reported, resulting in a highly variable (and perhaps less meaningful) percent change. I have denoted these zip codes with an asterisk.
For 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 code.
Also, here is link to a map showing the zip code boundaries for Greater Reno-Sparks, Washoe County, Nevada – provided by the Center for Regional Studies.
| Zip Code | Area | % Increase | 2014 Q4 Median Price | 2013 Q4 Median Price |
| 89501* | Reno (Downtown) | 28.3% | $229,000 | $178,450 |
| 89433 | Sparks (Sun Valley) | 20.6% | $187,450 | $155,450 |
| 89511 | Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) | 19.3% | $525,000 | $440,000 |
| 89509 | Reno (Old Southwest) | 19.1% | $328,250 | $275,500 |
| 89434 | Sparks (D’Andrea) | 18.8% | $205,000 | $172,600 |
| 89436 | Sparks (Spanish Springs, Wingfield Springs) | 17.4% | $269,950 | $230,000 |
| 89502 | Reno (Hidden Valley, Donner Springs) | 15.5% | $171,000 | $148,000 |
| 89506 | Reno (Stead, Lemmon Valley, Golden Valley) | 14.3% | $182,897 | $160,001 |
| 89503 | Reno (NW) | 12.1% | $190,500 | $170,000 |
| 89431 | Sparks | 11.9% | $156,500 | $139,900 |
| 89704 | Washoe Valley | 9.7% | $255,000 | $232,500 |
| 89508 | Cold Springs, Rancho Haven | 8.9% | $193,900 | $178,000 |
| 89523 | Reno (Somersett) | 7.5% | $285,000 | $265,000 |
| 89521 | Reno (Double Diamond, Damonte Ranch) | 7.4% | $289,850 | $270,000 |
| 89519 | Reno (Caughlin Ranch) | 4.3% | $425,000 | $407,450 |
| 89441 | West Spanish Springs | 2.3% | $312,000 | $305,000 |
| 89510* | Palomino Valley | -3.2% | $305,000 | $315,000 |
| 89512 | Reno (North) | -6.4% | $103,000 | $110,000 |
| 89439* | Verdi-Mogul | -10.6% | $357,530 | $400,000 |
| all zip codes combined | 16.5% | $233,000 | $200,000 |
* denotes 10 or fewer sales for the quarter.
This next table presents the same zip code data sorted by 2014 4th-quarter median sales price.
| Zip Code | Area | 2014 Q4 Median Price | 2013 Q4 Median Price | % Increase |
| 89511 | Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) | $525,000 | $440,000 | 19.3% |
| 89519 | Reno (Caughlin Ranch) | $425,000 | $407,450 | 4.3% |
| 89439* | Verdi-Mogul | $357,530 | $400,000 | -10.6% |
| 89509 | Reno (Old Southwest) | $328,250 | $275,500 | 19.1% |
| 89441 | West Spanish Springs | $312,000 | $305,000 | 2.3% |
| 89510* | Palomino Valley | $305,000 | $315,000 | -3.2% |
| 89521 | Reno (Double Diamond, Damonte Ranch) | $289,850 | $270,000 | 7.4% |
| 89523 | Reno (Somersett) | $285,000 | $265,000 | 7.5% |
| 89436 | Sparks (Spanish Springs, Wingfield Springs) | $269,950 | $230,000 | 17.4% |
| 89704 | Washoe Valley | $255,000 | $232,500 | 9.7% |
| 89501* | Reno (Downtown) | $229,000 | $178,450 | 28.3% |
| 89434 | Sparks (D’Andrea) | $205,000 | $172,600 | 18.8% |
| 89508 | Cold Springs, Rancho Haven | $193,900 | $178,000 | 8.9% |
| 89503 | Reno (NW) | $190,500 | $170,000 | 12.1% |
| 89433 | Sparks (Sun Valley) | $187,450 | $155,450 | 20.6% |
| 89506 | Reno (Stead, Lemmon Valley, Golden Valley) | $182,897 | $160,001 | 14.3% |
| 89502 | Reno (Hidden Valley, Donner Springs) | $171,000 | $148,000 | 15.5% |
| 89431 | Sparks | $156,500 | $139,900 | 11.9% |
| 89512 | Reno (North) | $103,000 | $110,000 | -6.4% |
| all zip codes combined | $233,000 | $200,000 | 16.5% |
* 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 – February 2015. Note: This information is deemed reliable, but not guaranteed.
Related post: Which zip codes saw the greatest price increase in 2013?
Which Reno and Sparks zip codes saw the greatest price increase in 2015? | Reno Real Estate Blog
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