Market Intelligence · NV / Reno

Reno, NV 89502 Housing Market

In Reno, NV 89502, the typical home value was $439,121 in September 2026, up 1.9% over the past year. The median list price was $405,750, and homes spent a median of 50 days on the market. That points to steady rather than surging conditions.

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. 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.

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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

September 2026 shows a measured market in 89502. There were 53 homes for sale, with 30 new listings arriving, so buyers had choices without a flood. The median list price was $405,750 while the typical home value sat at $439,121, up 1.9% over the past year. A median of 50 days on market and price cuts on 22.7% of listings suggest some sellers are testing high and adjusting. For a seller, pricing close to recent reality matters more than reaching.

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Home price

Down payment20% · $87,824

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Common questions

What people ask us.

How much is a home in 89502 worth?

The typical home value was $439,121 as of September 2026, up 1.9% over the past year.

Are homes in 89502 selling quickly?

Not especially. The median days on market was 50 as of September 2026.

Are sellers cutting prices in 89502?

Yes, 22.7% of listings had a price cut as of September 2026. The median list price was $405,750.

Discover

Nearby ZIP markets.

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