Market Intelligence · NV / Reno

Reno, NV 89501 Housing Market

The typical home value in Reno's 89501 ZIP code is $420,721, down 5.7% over the past year. The median list price sits at $418,500, and homes are taking a median of 70 days on market.

Updated June 2026Median value$421K

The median home value in Reno, NV 89501 is $421K as of June 2026, down 5.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 89501 range

$387K to $454K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-5.7% over 12 months

Typical home value in 89501 over the last 12 months: $446K in Jun 2025 to $421K in Jun 2026 (-5.7%).

Jun 2025$446K

Jun 2026$421K

The numbers

What is the 89501 housing market like?

Typical home value

$421K

Down5.7%YoY

Median list price

$419K

Days on market

70

Up9.4%MoM

Homes for sale

35

Price cuts

11.0%

New listings

8

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 89501 home prices compare?

  • 89501$420,721
  • Reno$564,851
  • Nevada$420,721
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Reno: 12 ZIPs; Nevada: 133 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there are 35 homes for sale in 89501, with 8 new listings added recently. The median list price is $418,500, and the median time on market is 70 days. About 11.0% of listings have had a price cut. With the typical home value down 5.7% over the past year, this is a slower market where buyers have time to weigh their options. Sellers should price carefully and plan for a longer sales timeline.

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