On a quarter-over-quarter basis, the median sales price for houses in the Reno-Sparks market increased a little over 10 percent in 2015 [4th-quarter 2014 median of $286,286 compared to 4th-quarter 2013 median of $260,000.]
However, not all Reno and Sparks, Nevada areas saw the same degree home price appreciation. 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 2015 over Q4 2014 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 on only those MLS areas that had at least 25 sales in either one or both of the quarters being compared.
| MLS Area | MLS Area # | 2015 Q4 Sales | 2015 Q4 Median Sold Price | 2014 Q4 Sales | 2014 Q4 Median Sold Price | % Change in Median Q-o-Q |
|---|---|---|---|---|---|---|
| Reno-North | 119 | 40 | $224,151 | 42 | $156,500 | 43% |
| Reno-South Suburban | 165 | 50 | $717,000 | 61 | $531,900 | 35% |
| Reno-Old Southwest | 160 | 39 | $397,500 | 60 | $315,000 | 26% |
| Reno-Lemmon Valley | 133 | 34 | $225,000 | 25 | $180,750 | 24% |
| Reno-West Southwest | 161 | 31 | $525,000 | 28 | $425,000 | 24% |
| Reno-Southeast | 140 | 25 | $193,000 | 17 | $157,000 | 23% |
| Reno-Old Northwest | 120 | 71 | $239,900 | 66 | $200,000 | 20% |
| Reno-Donner Springs | 141 | 29 | $239,000 | 33 | $200,000 | 20% |
| Sparks-Foothills | 188 | 33 | $315,000 | 20 | $265,075 | 19% |
| Sun Valley | 130 | 28 | $214,950 | 25 | $185,000 | 16% |
| Reno-Stead | 134 | 68 | $206,750 | 84 | $180,000 | 15% |
| Sparks | 180 | 59 | $183,000 | 55 | $159,600 | 15% |
| Reno-Cold Springs | 136 | 55 | $220,000 | 47 | $192,000 | 15% |
| Reno-South Meadows | 143 | 126 | $340,000 | 149 | $299,900 | 13% |
| Sparks-Suburban | 182 | 95 | $305,000 | 100 | $269,750 | 13% |
| Reno-Northwest Suburban | 121 | 101 | $305,000 | 90 | $269,750 | 13% |
| Spanish Springs-West | 184 | 52 | $275,000 | 54 | $244,500 | 12% |
| Spanish Springs-South | 183 | 92 | $319,000 | 117 | $284,000 | 12% |
| Sparks-East | 181 | 96 | $221,250 | 82 | $198,500 | 11% |
| All MLS Areas | 100 | 1,457 | $286,286 | 1,482 | $260,000 | 10% |
| Reno-Golden Valley | 132 | 29 | $300,000 | 23 | $275,000 | 9% |
| Reno-Southwest | 163 | 70 | $397,500 | 80 | $402,500 | -1% |
| Reno-Northwest Foothills | 122 | 67 | $349,340 | 43 | $365,000 | -4% |
Reno-North tops the list with the largest increase in home prices in 2015 — showing a whopping 43 percent increase. Interestingly, Reno-North experienced a decrease in its median sold price the previous year — 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. Data excludes Condos/Town homes, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – January 2016. 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 2014?
For the data geeks, the table below includes all the data, unfiltered and unsorted.
| MLS Area | Q4 2015 Sales | Q4 2015 Median Sold Price | Q4 2015 Average DOM | MLS Area | Q4 2014 Sales | Q4 2014 Median Sold Price | Q4 2014 Average DOM |
|---|---|---|---|---|---|---|---|
| Reno-North | 40 | $224,151 | 110 | Reno-North | 42 | $156,500 | 129 |
| Reno-Old Northwest | 71 | $239,900 | 78 | Reno-Old Northwest | 66 | $200,000 | 89 |
| Reno-Northwest Suburban | 101 | $305,000 | 86 | Reno-Northwest Suburban | 90 | $269,750 | 89 |
| Reno-West Suburban | 4 | $324,500 | 74 | Reno-West Suburban | 3 | $295,000 | 48 |
| Verdi | 6 | $455,000 | 145 | Verdi | 2 | $357,500 | 271 |
| Sun Valley | 28 | $214,950 | 61 | Sun Valley | 25 | $185,000 | 74 |
| Reno-North Valley | 17 | $238,000 | 89 | Reno-North Valley | 16 | $154,500 | 160 |
| Reno-Golden Valley | 29 | $300,000 | 104 | Reno-Golden Valley | 23 | $275,000 | 101 |
| Reno-Lemmon Valley | 34 | $225,000 | 88 | Reno-Lemmon Valley | 25 | $180,750 | 77 |
| Reno-Stead | 68 | $206,750 | 82 | Reno-Stead | 84 | $180,000 | 95 |
| Reno-Silver Knolls | 12 | $276,000 | 157 | Reno-Silver Knolls | 7 | $241,500 | 96 |
| Reno-Cold Springs | 55 | $220,000 | 72 | Reno-Cold Springs | 47 | $192,000 | 84 |
| Reno-Red Rock | 6 | $378,250 | 120 | Reno-Red Rock | 4 | $293,500 | 114 |
| Reno-Rancho Haven | 3 | $258,000 | 332 | Reno-Rancho Haven | 1 | $249,000 | 83 |
| Reno-Southeast | 25 | $193,000 | 77 | Reno-Southeast | 17 | $157,000 | 74 |
| Reno-Donner Springs | 29 | $239,000 | 72 | Reno-Donner Springs | 33 | $200,000 | 109 |
| Reno-Hidden Valley | 13 | $335,000 | 53 | Reno-Hidden Valley | 27 | $325,500 | 110 |
| Reno-South Meadows | 126 | $340,000 | 70 | Reno-South Meadows | 149 | $299,900 | 93 |
| Reno-Old Southwest | 39 | $397,500 | 151 | Reno-Old Southwest | 60 | $315,000 | 83 |
| Reno-South Suburban | 50 | $717,000 | 154 | Reno-South Suburban | 61 | $531,900 | 130 |
| Reno-Southwest Suburban | 15 | $592,000 | 186 | Reno-Southwest Suburban | 28 | $775,000 | 160 |
| Reno-Foothills | 13 | $345,000 | 94 | Reno-Foothills | 12 | $288,000 | 89 |
| Pleasant Valley | 8 | $506,000 | 181 | Pleasant Valley | 2 | $171,000 | 211 |
| West Washoe Valley | 8 | $466,500 | 149 | West Washoe Valley | 1 | $426,000 | 57 |
| Virginia City Highlands | 11 | $283,000 | 146 | Virginia City Highlands | 16 | $217,000 | 165 |
| Washoe Valley | 11 | $280,000 | 90 | Washoe Valley | 8 | $257,450 | 104 |
| Sparks | 59 | $183,000 | 82 | Sparks | 55 | $159,600 | 90 |
| Sparks-East | 96 | $221,250 | 99 | Sparks-East | 82 | $198,500 | 78 |
| Sparks-Suburban | 95 | $305,000 | 83 | Sparks-Suburban | 100 | $269,750 | 86 |
| Spanish Springs-South | 92 | $319,000 | 93 | Spanish Springs-South | 117 | $284,000 | 105 |
| Spanish Springs-West | 52 | $275,000 | 117 | Spanish Springs-West | 54 | $244,500 | 99 |
| Spanish Springs-East | 18 | $401,000 | 124 | Spanish Springs-East | 25 | $365,000 | 113 |
| Palomino Valley | 4 | $240,000 | 122 | Palomino Valley | 6 | $315,000 | 197 |
| East Truckee River | 1 | $162,000 | 88 | East Truckee River | 1 | $165,000 | 18 |
| North Washoe County | 1 | $260,000 | 166 | ||||
| Reno-West Southwest | 31 | $525,000 | 134 | Reno-West Southwest | 28 | $425,000 | 138 |
| Reno-Southwest | 70 | $397,500 | 114 | Reno-Southwest | 80 | $402,500 | 112 |
| Reno-Old South Suburban | 16 | $637,000 | 148 | Reno-Old South Suburban | 21 | $485,000 | 154 |
| Reno-Northwest Foothills | 67 | $349,340 | 114 | Reno-Northwest Foothills | 43 | $365,000 | 115 |
| Sparks-Foothills | 33 | $315,000 | 88 | Sparks-Foothills | 20 | $265,075 | 77 |
| Reno-Downtown Core | 1 | $87,000 | 63 | ||||
| Subtotal | 1457 | $286,286 | 98 | Subtotal | 1482 | $260,000 | 101 |
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