Market Intelligence · NV / Reno

Reno, NV 89503 Housing Market

In Reno's 89503 ZIP code, the typical home value is $478,193, up 0.2% over the past year. The median list price sits at $471,748, and homes are taking a median of 36 days on market.

Updated June 2026Median value$478K

The median home value in Reno, NV 89503 is $478K as of June 2026, up 0.2% 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

$440K to $516K

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

+0.2% over 12 months

Typical home value in 89503 over the last 12 months: $477K in Jun 2025 to $478K in Jun 2026 (+0.2%).

Jun 2025$477K

Jun 2026$478K

The numbers

What is the 89503 housing market like?

Typical home value

$478K

Up0.2%YoY

Median list price

$472K

Days on market

36

Down14.3%MoM

Homes for sale

44

Price cuts

9.8%

New listings

46

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 89503 home prices compare?

  • 89503$478,193
  • Reno$564,851
  • Nevada$420,721
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Reno: 12 ZIPs; Nevada: 133 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 44 homes for sale in 89503, with 46 new listings entering the market. The typical home value of $478,193 is up 0.2% over the past year, a modest change. The median list price is $471,748, and the median days on market is 36. About 9.8% of listings had a price cut. For sellers, this points to a steady but slow-moving market where realistic pricing matters.

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