Market Intelligence · NV / Reno

Reno, NV 89501 Housing Market

In Reno, NV 89501, the typical home value is $417,293, down 2.3% over the past year as of September 2026. The median list price is $379,725, and homes spend a median 69 days on market. There were 35 homes for sale.

Updated September 2026Median value$417K

The median home value in Reno, NV 89501 is $417K as of September 2026, down 2.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Reno home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 89501 range

$384K to $451K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 89501 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Reno, NV.

12-month value trend

-2.3% over 12 months

Sep 2025$427K

Low $413KHigh $427K

Sep 2026$417K

The numbers

What is the 89501 housing market like?

As of September 2026

Typical home value

$417K

2.3%YoY

Median list price

$380K

2.1%MoM

Days on market

30.3%MoM

Homes for sale

25.0%MoM

Price cuts

8.1%

1.0%MoM

New listings

16.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

89501 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89501 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 89501 fell 2.3%, per the Zillow Home Value Index.

Will home prices drop in 89501?

Zillow's forecast does not call for a drop: it expects typical home values in 89501 to rise 1.1% by September 2027, after a 2.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 89501 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 89501 home prices compare?

89501$417,293
Reno$560,179
Nevada$417,293
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Reno: 12 ZIPs; Nevada: 133 ZIPs; United States: 26,262 ZIPs).

Context

The market in 89501 looks cooler than a strong seller's market. With 35 homes for sale and 10 new listings in September 2026, choices are limited, but buyers still have room to compare. A median 69 days on market means many homes do not move immediately. Just 8.1% of listings had a price cut, while the typical value of $417,293 was down 2.3% over the past year. For a seller, pricing close to market from the start matters more than testing high.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $83,459

Term

Rate (%)

Common questions

What people ask us.

How much is a home in 89501 worth?

The typical home value is $417,293 as of September 2026, down 2.3% over the past year.

How fast are homes selling in 89501?

Homes spent a median 69 days on market in September 2026, with 35 homes for sale and 10 new listings.

Are sellers cutting prices in 89501?

About 8.1% of listings had a price cut as of September 2026, and the median list price was $379,725.

Discover

Nearby ZIP markets.

Keep reading