Market Intelligence · NV / Reno

Reno, NV 89506 Housing Market

In Reno, NV 89506, the typical home value is $458,648 as of September 2026, up 1.6% over the past year. The median list price is $499,450, and homes spend a median of 52 days on market.

Updated September 2026Median value$459K

The median home value in Reno, NV 89506 is $459K as of September 2026, up 1.6% 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 89506 range

$422K to $495K

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

+1.6% over 12 months

Sep 2025$452K

Low $451KHigh $459K

Sep 2026$459K

The numbers

What is the 89506 housing market like?

As of September 2026

Typical home value

$459K

1.6%YoY

Median list price

$499K

2.0%MoM

Days on market

20.9%MoM

Homes for sale

5.7%MoM

Price cuts

22.0%

65.3%MoM

New listings

4.2%MoM

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

The outlook

89506 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89506 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 89506 rose 1.6%, per the Zillow Home Value Index.

Will home prices drop in 89506?

Zillow's forecast does not call for a drop: it expects typical home values in 89506 to rise 1.9% by September 2027, after a 1.6% 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 89506 home prices compare?

89506$458,648
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

Inventory is limited but not frozen, with 82 homes for sale and 46 new listings in September 2026. Buyers have some room to negotiate: 22.0% of listings had a price cut. Values are still edging up, with the typical home value at $458,648, up 1.6% over the past year, while the median list price sits higher at $499,450. A median of 52 days on market points to a measured pace rather than a rush. For a seller, pricing close to the market matters more than testing the ceiling.

Monthly payment

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Home price

Down payment20% · $91,730

Term

Rate (%)

Common questions

What people ask us.

How much is a home in 89506 worth?

The typical home value is $458,648 as of September 2026, up 1.6% over the past year.

How long are homes taking to sell in 89506?

The median days on market is 52 as of September 2026.

Are sellers cutting prices in Reno, NV 89506?

Yes, 22.0% of listings had a price cut in September 2026, while 46 new listings came to market.

Discover

Nearby ZIP markets.

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