I’ve noticed an uptick in property searches by zip codes recently on this site. That got me thinking that it has been a few months since I’ve reported the median sales price broken out by zip codes in the Reno and Sparks areas.
Below is a table showing 4th-quarter medians by area zip codes. I have also included Q4 medians from the last couple years for reference. [Yes, I realize that we are not yet quite through the 4th quarter of this year; but we’re close enough to observe the trends.]
Also, please note that in some areas (e.g. 89439, 89510) the number of sales is very low (e.g. single digits) for the quarter. Consequently, the median numbers become less meaningful.
| Zip Code | Area | 2013 Q4 Median Price* | 2012 Q4 Median Price | 2011 Q4 Median Price |
| 89431 | Sparks | $139,900 | $99,900 | $75,000 |
| 89433 | Sparks (Sun Valley) | $155,900 | $126,250 | $100,980 |
| 89434 | Sparks (D’Andrea) | $175,000 | $145,000 | $120,000 |
| 89436 | Sparks (Spanish Springs, Wingfield Springs) | $231,500 | $195,000 | $165,000 |
| 89439 | Verdi-Mogul | $350,000 | $151,000 | $157,950 |
| 89441 | West Spanish Springs | $295,000 | $240,000 | $214,000 |
| 89501 | Reno (Downtown) | $171,250 | $128,000 | $89,500 |
| 89502 | Reno (Hidden Valley, Donner Springs) | $141,900 | $127,000 | $90,750 |
| 89503 | Reno (NW) | $168,500 | $122,450 | $112,000 |
| 89506 | Reno (Stead, Lemmon Valley, Golden Valley) | $165,000 | $125,000 | $105,250 |
| 89508 | Cold Springs, Rancho Haven | $178,500 | $120,500 | $116,500 |
| 89509 | Reno (Old Southwest) | $260,000 | $218,125 | $196,500 |
| 89510 | Palomino Valley | $315,000 | $160,500 | $139,500 |
| 89511 | Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) | $449,500 | $385,000 | $380,000 |
| 89512 | Reno (North) | $111,000 | $78,500 | $51,000 |
| 89519 | Reno (Caughlin Ranch) | $429,000 | $329,500 | $258,750 |
| 89521 | Reno (Double Diamond, Damonte Ranch) | $270,000 | $224,500 | $195,000 |
| 89523 | Reno (Somersett) | $263,500 | $207,500 | $189,000 |
| 89704 | Washoe Valley | $205,000 | $190,000 | $182,500 |
| All Reno/Sparks | $200,000 | $165,000 | $136,000 |
* partial quarter data
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 – December 2013. Note: This information is deemed reliable, but not guaranteed.
related post: Reno and Sparks Home Sales by Zip Code – March 2007
PropertyManagementPMI
This is really great news and awesome that the prices for homes is on an uphill climb.
Which zip codes saw the greatest price increase in 2013? | Reno Real Estate Blog
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