It’s that time of year again to provide the numbers for one of this blog’s most frequently searched-for topics—“home sales by zip code”.
Before we dive in to the data by zip code let’s take a look at 2024’s aggregate numbers for Washoe County, Nevada:
- 5,648 homes (both condos/townhomes and SFRs) sold county-wide. This number was up 3.1% over the 5,477 homes sold in 2023.
- 2024’s overall median sales price was $550,000 (again, both condos/townhomes and SFRs). This number was up 5.8% over 2023’s overall median sales price of $520,000.
- 2024’s total sales volume was up 10.5% over 2023’s total sales volume.
Now, without further ado, let’s take a look at Washoe County’s 2024 home sales by zip code.
Number of Homes Sold
Of the 24 zip codes reported on in this analysis, just three accounted for more than one-third of all home sales in 2024. And just five accounted for over half of all units sold.
89436 (Wingfield Springs) in Sparks, Nevada took the top spot with 908 home sales in 2024. 89521 (South Meadows) in Reno took the 2nd spot with 591 homes sold; followed by 89506 (Stead/Lemon Valley/Golden Valley) with 555 unit sales.
The chart below shows the top zip codes in terms of unit sales.
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 $2,280,000. 89451 (Incline Village) came in 2nd with a median sales price of $1,580,000.
In Reno, Nevada, the top zip codes were 89511 (Montreux, ArrowCreek, Saddlehorn, et al) with a median sales price of $1,164,000, followed by 89519 (Caughlin Ranch) with a median of $880,000.
The chart below shows the top zip codes ranked by 2024 median sales price.
Lowest Median Sales Price
89501 (Reno – downtown) exhibited the lowest median sales price in the county in 2024 with a median home price of $345,000. 89512 (Reno – North) had the 2nd-lowest median — with $350,000 for the year; followed by 89431 (Sparks) with a median of $386,250.
The chart below shows the zip codes with the lowest median sales price in 2024. For reference the Washoe county-wide median was $550,000.
Home Price Appreciation
In 2024, median sold home prices in Washoe County increased 5.8% overall year-over-year. However, this increase was not uniform across all zip codes. In fact, some zip codes saw a decrease in 2024’s median sales price compared to 2023’s (See the Data Set below).
89502 (Reno – Hidden Valley) took the top spot this year with a 9.9% increase in its 2024 median sales price over 2023’s. In a close 2nd-place was 89704 (Washoe Valley) with a 9.7% increase; followed by 89501 (Reno – Downtown) with a 9.5 percent increase.
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 24 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.
Data Set
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.]
Methodology
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 (SFR) and condo/townhouse sales in Washoe County, Nevada for the 2024 calendar year. Data excludes manufactured/modular homes.
To see all the zip codes within Washoe County, Nevada click here.
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 complied from the Northern Nevada Regional MLS (as January 7, 2024), and the Incline Village REALTORS® Matrix system (as of January 7, 2024). All information herein is deemed reliable, but not guaranteed.
