Market Intelligence · NV / Reno

Reno, NV 89502 Housing Market

The typical home value in Reno's 89502 ZIP is $441,453, up 1.0% over the past year. The median list price sits at $405,750, with homes spending a median of 50 days on market as of September 2026.

Updated September 2026Median value$439K

The median home value in Reno, NV 89502 is $439K as of September 2026, up 1.9% 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

$404K to $474K

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

+1.9% over 12 months

Sep 2025$431K

Low $429KHigh $439K

Sep 2026$439K

The numbers

What is the 89502 housing market like?

As of September 2026

Typical home value

$439K

1.9%YoY

Median list price

$406K

5.1%MoM

Days on market

5.7%MoM

Homes for sale

10.4%MoM

Price cuts

22.7%

4.8%MoM

New listings

16.7%MoM

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

The outlook

89502 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89502 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 89502 rose 1.9%, per the Zillow Home Value Index.

Will home prices drop in 89502?

Zillow's forecast does not call for a drop: it expects typical home values in 89502 to rise 1.7% by September 2027, after a 1.9% rise 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.

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The comparison

How do 89502 home prices compare?

89502$439,121
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

As of September 2026, there are 53 homes for sale in 89502, with 30 new listings entering the market. The median days on market stands at 50, suggesting moderate buyer interest. However, 22.7% of listings have seen a price cut, indicating some negotiation activity. The gap between typical home value and median list price reflects realistic pricing pressure. Sellers in this ZIP should expect measured demand rather than a fast-moving market.

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Down payment20% · $87,824

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Common questions

What people ask us.

What is the typical home value in 89502?

The typical home value in this Reno ZIP is $441,453, representing a 1.0% increase over the past year.

How long do homes stay on the market in 89502?

As of September 2026, the median days on market is 50, indicating a moderate pace of sales activity.

What percentage of homes have reduced prices?

As of September 2026, 22.7% of listings in 89502 have had a price cut.

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