Market Intelligence · NV / Reno

Reno, NV 89508 Housing Market

The typical home value in Reno 89508 is $488,982, up 1.7% over the past year. The median list price stands at $516,700, with homes spending a median of 44 days on market.

Updated August 2026Median value$487K

The median home value in Reno, NV 89508 is $487K as of August 2026, up 2.2% 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 89508 range

$448K to $526K

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

+2.2% over 12 months

Typical home value in 89508 over the last 12 months: $476K in Aug 2025 to $487K in Aug 2026 (+2.2%).

Aug 2025$476K

Aug 2026$487K

The numbers

What is the 89508 housing market like?

Typical home value

$487K

Up2.2%YoY

Median list price

$517K

Down1.6%MoM

Days on market

44

Down18.5%MoM

Homes for sale

37

Up15.6%MoM

Price cuts

20.8%

Up18.8%MoM

New listings

24

Up50.0%MoM

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

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The comparison

How do 89508 home prices compare?

  • 89508$487,029
  • 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

There are 37 homes for sale in this ZIP as of August 2026, with 24 new listings added recently. The median list price of $516,700 reflects modest growth in underlying values. Homes are taking 44 days to sell on average, a moderate pace. One in five listings, or 20.8%, has seen a price reduction, suggesting sellers are adjusting expectations in a gradually cooling market. If you're thinking about listing, expect a patient buyer pool and be prepared for realistic pricing from the start.

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