One of this blog’s most frequently searched-for topics is “home sales by zip code”. As such, each January, I post an analysis of the prior year’s home sales broken out by zip code.
It’s that time of year again, but before we dive in, here are some aggregate numbers for Washoe County, Nevada: 2019 saw 7,877 homes (both condos/townhomes and houses) sold county-wide. These home sales exhibited an overall median sales price of $372,000. Unit sales were up 5.5 percent year-over-year, and the median sales price was up 3.6 percent year-over-year — resulting in an increase in 2019 total sales volume of 6.9 percent over 2018’s.
Now, without further ado, let’s take a look at Washoe County’s 2019 home sales by zip code.
Number of Homes Sold
Of the 22 zip codes reported on in this analysis, just three accounted for nearly one-third of all home sales in 2019. And just five accounted for nearly half of all units sold.
89436 (Wingfield Springs) in Sparks, Nevada took the top spot with 985 home sales in 2019. 89521 (South Meadows) in Reno took the 2nd spot — with 855 homes sold; followed by 89506 (Stead/Lemon Valley/Golden Valley) with 709 unit sales.
The chart below shows the top zip codes in terms of unit sales. The top-four rankings are unchanged from last year.
Greatest increase in units sold
I typically don’t report this metric, but this year one zip code jumped out in terms of year-over-year increase in units sold. 89439 (Verdi) saw an unprecedented 368 percent increase in home sales in 2019 — jumping from 19 homes sold in 2018 to 89 homes sold in 2019.
Taking a closer look at Verdi’s 2019’s sales revealed that more than two-thirds were new home sales through the new developments being built there.
The zip code with the next best increase in units sold was 89433 (Sun Valley) with a 22 percent year-over-year increase.
Highest Median Sales Price
Not surprisingly, it was the Lake Tahoe zip codes that exhibited the highest median sales price. 89402 (Crystal Bay) took the top spot with a median sales price of $1,784,500. 89451 (Incline Village) came in 2nd with a median sales price of $848,000.
In Reno, Nevada, the top zip codes were 89511 (Montreux, ArrowCreek, Saddlehorn, et al) coming in 3rd with a median sales price of $697,000, followed by 89519 (Caughlin Ranch) with a median of $625,000.
The chart below shows the top zip codes ranked by 2019 median sales price.
Lowest Median Sales Price
89512 (Reno – North) exhibited the lowest median sales price in the county in 2019 — with a median home price of $231,000. 89442 (Wadsworth) had the 2nd-lowest median — with $240,000 for the year; followed by 89431 (Sparks) with a median of $270,000.
The chart below shows the zip codes with the lowest median sales price in 2019. For reference the Washoe county-wide median was $372,000.
Home Price Appreciation
In 2019, median sold home prices in Washoe County increased 4.8 percent overall year-over-year. However, this increase was not uniform across all zip codes. In fact, some zip codes saw a decrease in 2019’s median sales price compared to 2018’s (see the Data Set below).
89441 (Spanish Springs – West) took the top spot this year with an impressive 11.8 percent increase in its 2019 median sales price over 2018’s. In a very close 2nd-place was 89402 (Crystal Bay) with an equally impressive 11.7 percent appreciation; followed by 89451 (Incline Village) with a 9.6 percent growth.
The chart below shows the top zip codes in terms of year-over-year median sales price increase.
The Data Set below contains metrics for all 22 zip codes, including a column showing the highest priced home sale for each zip code.
Are there other housing market metrics you would like to see by zip code? Do you have questions/comments regarding the above? Please let me know in the comments below.
And, as always, thank you for reading the Reno Realty Blog.
The table below shows the data for all Washoe County zip codes used in this analysis. [Click on the column headers to sort by that column.]
Washoe County, Nevada encompasses 41 zip codes, however many of these zip codes are for P.O. boxes only and contain no homes. The analysis above applies to only those zip codes containing homes. Data in the charts and tables covers both site/stick built and condo/townhouse sales in Washoe County, Nevada for the 2019 calendar year. Data excludes manufactured/modular homes.
To see all the zip codes within Washoe County, Nevada click here.
For an interactive zip code boundary map for Washoe County click here. Use the + and – buttons to zoom in and out, respectively, on the map.
Note: The home price reported above covers the zip codes of Washoe County, Nevada. Residential data includes Site/Stick Built and Condo/Townhouse properties only. Data excludes Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS (as January 22, 2019), and the Incline Village REALTORS® Matrix system (as of January 25, 2019). All information herein is deemed reliable, but not guaranteed.