Market Intelligence · NV / Reno

Reno, NV 89509 Housing Market

The typical home in Reno, NV 89509 is worth $683,903, up 2.3% over the past year as of September 2026. Sellers are listing at a median of $724,500, and homes are spending a median of 51 days on the market before going under contract.

Updated September 2026Median value$684K

The median home value in Reno, NV 89509 is $684K as of September 2026, up 2.3% 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 89509 range

$629K to $739K

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

+2.3% over 12 months

Sep 2025$668K

Low $668KHigh $684K

Sep 2026$684K

The numbers

What is the 89509 housing market like?

As of September 2026

Typical home value

$684K

2.3%YoY

Median list price

$725K

3.5%MoM

Days on market

1.9%MoM

Homes for sale

106

5.0%MoM

Price cuts

24.9%

19.5%MoM

New listings

7.7%MoM

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

The outlook

89509 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89509 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 89509 rose 2.3%, per the Zillow Home Value Index.

Will home prices drop in 89509?

Zillow's forecast does not call for a drop: it expects typical home values in 89509 to rise 1.9% by September 2027, after a 2.3% 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 89509 home prices compare?

89509$683,903
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 89509 market in Reno, NV showed 106 homes for sale as of September 2026, with 48 new listings coming on during that period. The median list price sits at $724,500, above the typical home value of $683,903. Homes are taking a median of 51 days to sell, so buyers have some time to compare options. Meanwhile, 24.9% of active listings have taken a price cut, even as values are up 2.3% over the past year. For a seller, the practical read is that pricing realistically from the start matters more than testing the top of the market.

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Down payment20% · $136,781

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Common questions

What people ask us.

How much is a home in 89509 worth?

The typical home in 89509 is worth $683,903 as of September 2026, up 2.3% over the past year.

How long does it take to sell a home in 89509?

Homes in 89509 spend a median of 51 days on the market as of September 2026.

Are sellers in 89509 cutting prices?

Yes, 24.9% of listings in 89509 had a price cut as of September 2026, while the median list price was $724,500.

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