Market Intelligence · NV / Reno

Reno, NV 89502 Housing Market

The typical home value in Reno's 89502 ZIP is $443,188, up 0.1% over the past year. The median list price is $427,450, with homes staying on the market for a median of 53 days.

Updated August 2026Median value$441K

The median home value in Reno, NV 89502 is $441K as of August 2026, up 1.0% 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 89502 range

$406K to $477K

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

+1.0% over 12 months

Typical home value in 89502 over the last 12 months: $437K in Aug 2025 to $441K in Aug 2026 (+1.0%).

Aug 2025$437K

Aug 2026$441K

The numbers

What is the 89502 housing market like?

Typical home value

$441K

Up1.0%YoY

Median list price

$427K

Up0.9%MoM

Days on market

53

Up26.2%MoM

Homes for sale

48

Flat0.0%MoM

Price cuts

21.6%

Down1.0%MoM

New listings

36

Up20.0%MoM

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

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The comparison

How do 89502 home prices compare?

  • 89502$441,453
  • 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 89502 ZIP has 48 homes for sale as of August 2026, with 36 new listings added recently. The median days on market of 53 suggests a moderate pace of activity. About 21.6% of listings have seen price reductions, which is a signal that sellers are adjusting expectations in a market where appreciation has slowed to a near-standstill. For sellers, this data points to a balanced market that rewards accurate pricing and reasonable expectations.

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