The table below shows the median sales price for houses and condos throughout the Reno and Sparks, Nevada metropolitan area. I compared 2014 2nd-quarter data to the same period for 2013. The data is broken out by zip code and sorted by percent change in sales price, in descending order.
Three of the zip codes had very few sales (10 or fewer), resulting in a highly variable (and perhaps less meaningful) percent change. I have denoted these zip codes with an asterisk.
For comparison purposes, see January’s post, Which zip codes saw the greatest price increase in 2013?, where I compared 4th-quarter sales data between 2013 and 2012 by zip code.
| Zip Code | Area | % Increase | 2014 Q2 Median Price | 2013 Q2 Median Price |
| 89501* | Reno (Downtown) | 65.38% | 215,000 | 130,000 |
| 89510* | Palomino Valley | 48.32% | 308,500 | 208,000 |
| 89509 | Reno (Old Southwest) | 30.08% | 320,000 | 246,000 |
| 89506 | Reno (Stead, Lemmon Valley, Golden Valley) | 25.79% | 179,000 | 142,300 |
| 89502 | Reno (Hidden Valley, Donner Springs) | 25.00% | 166,250 | 133,000 |
| 89431 | Sparks | 20.87% | 139,000 | 115,000 |
| 89436 | Sparks (Spanish Springs, Wingfield Springs) | 18.99% | 256,900 | 215,900 |
| 89503 | Reno (NW) | 18.34% | 184,250 | 155,700 |
| 89519 | Reno (Caughlin Ranch) | 16.71% | 461,000 | 395,000 |
| 89433 | Sparks (Sun Valley) | 16.15% | 169,000 | 145,500 |
| 89434 | Sparks (D’Andrea) | 16.14% | 191,000 | 164,450 |
| 89508 | Cold Springs, Rancho Haven | 15.51% | 182,500 | 158,000 |
| 89521 | Reno (Double Diamond, Damonte Ranch) | 14.85% | 290,000 | 252,499 |
| 89523 | Reno (Somersett) | 13.13% | 280,000 | 247,500 |
| 89512 | Reno (North) | 11.46% | 107,000 | 96,000 |
| 89441 | West Spanish Springs | 9.00% | 309,500 | 283,950 |
| 89704 | Washoe Valley | 1.13% | 268,000 | 265,000 |
| 89511 | Reno SW (ArrowCreek, Saddlehorn, Galena, Montreux, St. James) | -9.68% | 420,000 | 465,000 |
| 89439* | Verdi-Mogul | -11.84% | 335,000 | 380,000 |
* denotes 10 or fewer sales for the quarter.
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 – August 2014. Note: This information is deemed reliable, but not guaranteed.
Related post: Which zip codes saw the greatest price increase in 2013?
