Market Intelligence · NV / Reno

Reno, NV 89509 Housing Market

The typical home value in Reno 89509 is $690,966, up 1.3% over the past year. The median list price sits at $699,900, with homes spending a median of 52 days on market.

Updated August 2026Median value$689K

The median home value in Reno, NV 89509 is $689K as of August 2026, up 1.8% 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 89509 range

$634K to $744K

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

+1.8% over 12 months

Typical home value in 89509 over the last 12 months: $676K in Aug 2025 to $689K in Aug 2026 (+1.8%).

Aug 2025$676K

Aug 2026$689K

The numbers

What is the 89509 housing market like?

Typical home value

$689K

Up1.8%YoY

Median list price

$700K

Down7.1%MoM

Days on market

52

Flat0.0%MoM

Homes for sale

101

Up6.3%MoM

Price cuts

20.8%

Up1.3%MoM

New listings

52

Up18.2%MoM

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

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The comparison

How do 89509 home prices compare?

  • 89509$688,587
  • 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

Reno 89509 has 101 homes for sale as of August 2026, with 52 new listings added recently. The median list price of $699,900 aligns closely with typical home values in the area. At 52 days on market, properties are taking a moderate amount of time to sell. Price cuts are appearing on 20.8% of listings, suggesting some sellers are adjusting expectations. For homeowners considering a sale, the modest pace of movement means pricing strategically and being realistic about timeline.

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