Home ValuePros

Market Intelligence · NV / Reno

Reno, NV 89503 Housing Market

The typical home value in 89503 is $480,727, up 1.0% over the past year. The median list price stands at $489,900, with homes spending a median of 48 days on market.

Updated August 2026Median value$476K

The median home value in Reno, NV 89503 is $476K as of August 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 89503 range

$438K to $514K

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

Typical home value in 89503 over the last 12 months: $467K in Aug 2025 to $476K in Aug 2026 (+1.9%).

Aug 2025$467K

Aug 2026$476K

The numbers

What is the 89503 housing market like?

Typical home value

$476K

Up1.9%YoY

Median list price

$490K

Up2.5%MoM

Days on market

48

Up17.1%MoM

Homes for sale

46

Up4.5%MoM

Price cuts

19.3%

Up11.6%MoM

New listings

16

Down11.1%MoM

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

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The comparison

How do 89503 home prices compare?

  • 89503$475,904
  • 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 89503 ZIP code has 46 homes for sale as of August 2026, with 16 new listings entering the market recently. The median list price is $489,900 and homes are taking a median of 48 days to sell. About 19.3% of listings have seen a price cut, suggesting some negotiation in the market. The typical home value of $480,727 reflects modest gains over the past year. Sellers should recognize that the market is slowing compared to recent trends, and pricing strategically will matter.

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