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Market Intelligence · NV / Reno

Reno, NV 89503 Housing Market

The typical home value in Reno, NV 89503 is $473,984, up 2.6% over the past year as of September 2026. The median list price is $507,475, and homes are taking a median of 39 days on market. Inventory is limited, with 40 homes for sale.

Updated September 2026Median value$474K

The median home value in Reno, NV 89503 is $474K as of September 2026, up 2.6% 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 89503 range

$436K to $512K

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

+2.6% over 12 months

Typical home value in 89503 over the last 12 months: $462K in Sep 2025 to $474K in Sep 2026 (+2.6%).

Sep 2025$462K

Sep 2026$474K

The numbers

What is the 89503 housing market like?

Typical home value

$474K

Up2.6%YoY

Median list price

$507K

Up3.6%MoM

Days on market

39

Down18.7%MoM

Homes for sale

40

Down13.0%MoM

Price cuts

11.1%

Down42.3%MoM

New listings

38

Up137.5%MoM

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

The outlook

89503 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89503 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 89503 rose 2.6%, per the Zillow Home Value Index.

Will home prices drop in 89503?

Zillow's forecast does not call for a drop: it expects typical home values in 89503 to rise 1.6% by September 2027, after a 2.6% 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 89503 home prices compare?

  • 89503$473,984
  • 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, Reno, NV 89503 has 40 homes for sale and 38 new listings, so buyers are seeing a modest flow of choices rather than a surge. The median list price is $507,475 while the typical home value is $473,984 and is up 2.6% over the past year. A median of 39 days on market points to a measured pace, not a frenzy. Only 11.1% of listings show a price cut, which suggests most sellers are holding close to their asking expectations. For a seller, the honest read is that value is still rising, but pricing needs to be credible from the start.

Monthly payment

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Common questions

What people ask us.

How much is a home in 89503 worth?

The typical home value is $473,984 as of September 2026, and it is up 2.6% over the past year.

Are homes in Reno, NV 89503 selling quickly?

The median days on market is 39 as of September 2026, which indicates a steady pace rather than an instant sale.

How competitive is the 89503 market for sellers?

There are 40 homes for sale and 38 new listings as of September 2026. Only 11.1% of listings have a price cut.

Discover

Nearby ZIP markets.

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Guides for sellers.