Market Intelligence · NV / Reno

Reno, NV 89501 Housing Market

In Reno's 89501 ZIP code, the typical home value is $420,873, down 4.6% over the past year. The median list price sits at $388,000, with homes staying on the market for a median of 99 days.

Updated August 2026Median value$415K

The median home value in Reno, NV 89501 is $415K as of August 2026, down 3.3% 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

$382K to $449K

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

-3.3% over 12 months

Typical home value in 89501 over the last 12 months: $430K in Aug 2025 to $415K in Aug 2026 (-3.3%).

Aug 2025$430K

Aug 2026$415K

The numbers

What is the 89501 housing market like?

Typical home value

$415K

Down3.3%YoY

Median list price

$388K

Down2.3%MoM

Days on market

99

Up13.8%MoM

Homes for sale

28

Down15.2%MoM

Price cuts

8.2%

Down32.5%MoM

New listings

12

Up50.0%MoM

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

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The comparison

How do 89501 home prices compare?

  • 89501$415,320
  • Reno$563,078
  • Nevada$415,320
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Reno: 12 ZIPs; Nevada: 133 ZIPs; United States: 26,265 ZIPs).

Context

The 89501 market is moving slowly. There are 28 homes for sale, with 12 new listings added recently. Nearly all listings are holding their initial price, with only 8.2% experiencing cuts. The combination of extended days on market and minimal price reductions suggests sellers are holding firm despite the year-over-year value decline. For someone considering selling, this is a buyer's market where patience and pricing strategy matter more than urgency.

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