On a quarter-over-quarter basis, the median sales price for houses and condos in the Reno-Sparks market increased nearly 17 percent in 2014 [4th-quarter 2014 median of $242,000 compared to 4th-quarter 2013 median of $207,000.]
However, not all areas saw the same degree of increase. In fact, some areas even experienced a decline in median sales price.
The table below shows the percent change in median sales price for Q4 2014 over Q4 2013 broken out by MLS Area and then sorted from highest to lowest. Because the number of sales was quite thin for some MLS areas, this created a high degree of variability in the “percent change” results. For that reason I filtered only on those MLS areas that had at least 50 sales in either one or both of the quarters being compared.
| MLS Area | MLS Area # | Number of Sold Listings – 2014 Q4 | Median Sold Price – 2014 Q4 | Number of Sold Listings – 2013 Q4 | Median Sold Price – 2013 Q4 | Q-o-Q % Change |
| Reno-Stead | 134 | 91 | $175,000 | 97 | $140,000 | 25.0% |
| Reno-Old Southwest | 160 | 64 | $306,250 | 45 | $252,000 | 21.5% |
| Reno-Southwest | 163 | 104 | $359,500 | 97 | $300,000 | 19.8% |
| Sparks-Suburban | 182 | 102 | $268,500 | 98 | $227,000 | 18.3% |
| Reno-Cold Springs | 136 | 47 | $192,000 | 55 | $165,900 | 15.7% |
| Sparks-East | 181 | 95 | $192,000 | 114 | $166,700 | 15.2% |
| Spanish Springs-South | 183 | 118 | $280,500 | 95 | $244,000 | 15.0% |
| Reno-Old Northwest | 120 | 82 | $195,000 | 86 | $170,000 | 14.7% |
| Reno-Donner Springs | 141 | 49 | $187,000 | 57 | $165,000 | 13.3% |
| Reno-Northwest Suburban | 121 | 104 | $252,500 | 96 | $222,944 | 13.3% |
| Reno-South Meadows | 143 | 165 | $291,000 | 138 | $270,000 | 7.8% |
| Spanish Springs-West | 184 | 54 | $244,500 | 62 | $229,000 | 6.8% |
| Sparks | 180 | 80 | $134,750 | 83 | $126,500 | 6.5% |
| Reno-South Suburban | 165 | 64 | $525,000 | 66 | $509,500 | 3.0% |
| Reno-Northwest Foothills | 122 | 44 | $359,975 | 50 | $350,224 | 2.8% |
| Reno-North | 119 | 68 | $100,250 | 61 | $111,000 | -9.7% |
| Total | 100 | 1331 | $242,000 | 1300 | $207,000 | 16.9% |
Stead saw the largest increase in home prices in 2014 — with a 25 percent increase. Four MLS area’s experienced sale price increases that exceeded the 16.9 percent increase observed for the overall Reno and Sparks housing market. These areas included Reno-Stead (+25%); Reno-Old Southwest (+21.5%); Reno-Southwest (+19.8%); and Sparks-Suburban (+18.3%).
At the other end of the spectrum, Reno-North experienced a decrease in its median sold price — falling 9.7 percent in 2014.
To see the boundaries of a particular MLS area, use the interactive MLS Area map below.
Note: The median home price data reported above covers MLS areas 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 – March 2015. 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 2013?
For the data geeks, the table below includes all the data, unfiltered and unsorted.
| MLS Area | MLS Area # | Number of Sold Listings – 2014 Q4 | Median Sold Price – 2014 Q4 | Number of Sold Listings – 2013 Q4 | Median Sold Price – 2013 Q4 | Q-o-Q % Change |
| Commercial/Industrial Core | 115 | 1 | $13,390 | 2 | $12,250 | 9.3% |
| Reno-North | 119 | 68 | $100,250 | 61 | $111,000 | -9.7% |
| Reno-Old Northwest | 120 | 82 | $195,000 | 86 | $170,000 | 14.7% |
| Reno-Northwest Suburban | 121 | 104 | $252,500 | 96 | $222,944 | 13.3% |
| Reno-West Suburban | 123 | 3 | $295,000 | 4 | $302,500 | -2.5% |
| Verdi | 124 | 2 | $357,500 | 7 | $450,000 | -20.6% |
| Sun Valley | 130 | 25 | $185,000 | 37 | $155,000 | 19.4% |
| Reno-North Valley | 131 | 16 | $154,500 | 19 | $163,309 | -5.4% |
| Reno-Golden Valley | 132 | 23 | $275,000 | 31 | $235,000 | 17.0% |
| Reno-Lemmon Valley | 133 | 25 | $180,750 | 26 | $171,500 | 5.4% |
| Reno-Stead | 134 | 91 | $175,000 | 97 | $140,000 | 25.0% |
| Reno-Silver Knolls | 135 | 7 | $241,500 | 10 | $234,850 | 2.8% |
| Reno-Cold Springs | 136 | 47 | $192,000 | 55 | $165,900 | 15.7% |
| Reno-Red Rock | 137 | 4 | $293,500 | 5 | $267,000 | 9.9% |
| Reno-Rancho Haven | 138 | 1 | $249,000 | 7 | $265,000 | -6.0% |
| Reno-Southeast | 140 | 43 | $73,900 | 48 | $92,250 | -19.9% |
| Reno-Donner Springs | 141 | 49 | $187,000 | 57 | $165,000 | 13.3% |
| Reno-Hidden Valley | 142 | 28 | $321,250 | 24 | $292,250 | 9.9% |
| Reno-South Meadows | 143 | 165 | $291,000 | 138 | $270,000 | 7.8% |
| Reno-Old Southwest | 160 | 64 | $306,250 | 45 | $252,000 | 21.5% |
| Reno-South Suburban | 165 | 64 | $525,000 | 66 | $509,500 | 3.0% |
| Reno-Southwest Suburban | 171 | 28 | $775,000 | 26 | $882,500 | -12.2% |
| Reno-Foothills | 173 | 12 | $288,000 | 9 | $265,000 | 8.7% |
| Pleasant Valley | 174 | 2 | $171,000 | 5 | $345,000 | -50.4% |
| West Washoe Valley | 175 | 1 | $426,000 | 3 | $940,000 | -54.7% |
| Virginia City Highlands | 176 | 16 | $217,000 | 5 | $315,000 | -31.1% |
| Washoe Valley | 177 | 8 | $257,450 | 10 | $170,500 | 51.0% |
| Sparks | 180 | 80 | $134,750 | 83 | $126,500 | 6.5% |
| Sparks-East | 181 | 95 | $192,000 | 114 | $166,700 | 15.2% |
| Sparks-Suburban | 182 | 102 | $268,500 | 98 | $227,000 | 18.3% |
| “Spanish Springs | ||||||
| -South” | 183 | 118 | $280,500 | 95 | $244,000 | 15.0% |
| Spanish Springs-West | 184 | 54 | $244,500 | 62 | $229,000 | 6.8% |
| Spanish Springs-East | 185 | 25 | $365,000 | 28 | $352,045 | 3.7% |
| Palomino Valley | 186 | 6 | $315,000 | 3 | $315,000 | 0.0% |
| East Truckee River | 187 | 1 | $165,000 | 4 | $130,000 | 26.9% |
| Reno-West Southwest | 161 | 28 | $425,000 | 37 | $350,500 | 21.3% |
| Reno-Southwest | 163 | 104 | $359,500 | 97 | $300,000 | 19.8% |
| Reno-Old South Suburban | 164 | 21 | $485,000 | 25 | $430,000 | 12.8% |
| Reno-Northwest Foothills | 122 | 44 | $359,975 | 50 | $350,224 | 2.8% |
| Sparks-Foothills | 188 | 20 | $265,075 | 19 | $218,000 | 21.6% |
| Reno-Downtown Core | 116 | 23 | $225,000 | 9 | $127,900 | 75.9% |
| Total | 100 | 1700 | $242,000 | 1703 | $207,000 | 16.9% |
Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2014? | bestreno241
[…] On a quarter-over-quarter basis, the median sales price for houses and condos in the Reno-Sparks market increased nearly 17 percent in 2014 [4th-quarter 2014 median of $242,000 compared to 4th-quarter 2013 median of $207,000.] However, not all areas saw the … Continue reading → […]
Which areas of Reno and Sparks, Nevada saw the largest price increases in 2015? | Reno Real Estate Blog
[…] Related post: Which MLS areas of Reno and Sparks, Nevada saw the largest price increases in 2014? […]