Home ValuePros
Talk to a Pro

Market Intelligence · NV / Reno

Reno, NV 89508 Housing Market

In Reno, NV 89508, the typical home value is $484,774, up 2.7% over the past year as of September 2026. The median list price stands at $504,725, and homes are spending a median of 38 days on the market.

Updated September 2026Median value$485K

The median home value in Reno, NV 89508 is $485K as of September 2026, up 2.7% 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.

Get a cash offer

Sell without the wait

Sell your Reno home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 89508 range

$446K to $524K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 89508 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Reno, NV.

12-month value trend

+2.7% over 12 months

Typical home value in 89508 over the last 12 months: $472K in Sep 2025 to $485K in Sep 2026 (+2.7%).

Sep 2025$472K

Sep 2026$485K

The numbers

What is the 89508 housing market like?

Typical home value

$485K

Up2.7%YoY

Median list price

$505K

Down2.3%MoM

Days on market

38

Down13.6%MoM

Homes for sale

43

Up16.2%MoM

Price cuts

23.0%

Up10.5%MoM

New listings

22

Down8.3%MoM

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

The outlook

89508 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89508 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 89508 rose 2.7%, per the Zillow Home Value Index.

Will home prices drop in 89508?

Zillow's forecast does not call for a drop: it expects typical home values in 89508 to rise 1.9% by September 2027, after a 2.7% 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.

Free home value report

See what your 89508 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 89508 home prices compare?

  • 89508$484,774
  • 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

The 89508 market in northwest Reno shows modest but real appreciation, with the typical home value at $484,774, up 2.7% over the past year as of September 2026. Sellers are listing at a median of $504,725, somewhat above typical values, and homes are taking a median of 38 days to move. Inventory is limited, with 43 homes for sale and 22 new listings as of September 2026. Meanwhile, 23.0% of listings have taken a price cut, a sign that some sellers are starting too high. For a seller, the message is simple: price accurately from day one and the market will work with you.

Monthly payment

Estimate your monthly payment.

20% · $96,955

Common questions

What people ask us.

How much is a home in 89508 worth?

The typical home value in Reno, NV 89508 is $484,774 as of September 2026, up 2.7% over the past year.

How fast are homes selling in 89508?

Homes in 89508 are spending a median of 38 days on the market as of September 2026. There are 43 homes for sale, with 22 new listings added.

Are sellers in 89508 cutting prices?

Yes, 23.0% of listings in 89508 had a price cut as of September 2026. The median list price is $504,725.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.