Market Intelligence · NV / Reno

Reno, NV 89508 Housing Market

The typical home value in Reno's 89508 ZIP code is $488,028, up 1.3% over the past year. Homes here carry a median list price of $541,224, and the median time on market is 50 days.

Updated June 2026Median value$488K

The median home value in Reno, NV 89508 is $488K as of June 2026, up 1.3% 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 89508 range

$449K to $527K

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

+1.3% over 12 months

Typical home value in 89508 over the last 12 months: $482K in Jun 2025 to $488K in Jun 2026 (+1.3%).

Jun 2025$482K

Jun 2026$488K

The numbers

What is the 89508 housing market like?

Typical home value

$488K

Up1.3%YoY

Median list price

$541K

Days on market

50

Up13.6%MoM

Homes for sale

25

Price cuts

25.4%

New listings

18

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

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The comparison

How do 89508 home prices compare?

  • 89508$488,028
  • 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 are 25 homes for sale in 89508, with 18 new listings recently added. The median list price sits at $541,224, while the typical home value is $488,028, up 1.3% over the past year. Homes take a median of 50 days to sell. About 25.4% of listings have had a price cut, which points to some gap between seller expectations and buyer response. Sellers should price carefully and prepare for a market that is moving at a steady, unhurried pace.

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