What is a typical home worth in Reno 89511?

The typical home value in this ZIP code is $1,134,312, reflecting a gain of 1.9% over the past year.

How long do homes typically stay on the market?

Homes in 89511 spend a median of 46 days on market, indicating moderate absorption.

Are sellers cutting prices in this area?

Yes, about 15.9% of current listings have seen a price cut, suggesting some negotiation in the market.

Market Intelligence · NV / Reno

Reno, NV 89511 Housing Market

The typical home value in Reno's 89511 ZIP code is $1,134,312, up 1.9% over the past year. The median list price stands at $1,795,000, with homes spending a median of 46 days on market.

Updated June 2026Median value$1134K

The median home value in Reno, NV 89511 is $1.13M as of June 2026, up 1.9% 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 89511 range

$1.04M to $1.23M

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

+1.9% over 12 months

Jun 2025$1.11M

Low $1.11MHigh $1.13M

Jun 2026$1.13M

The numbers

What is the 89511 housing market like?

As of June 2026

Typical home value

$1.13M

1.9%YoY

Median list price

$1.79M

Days on market

29.2%MoM

Homes for sale

113

Price cuts

15.9%

New listings

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

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The comparison

How do 89511 home prices compare?

89511$1,134,312
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

Reno 89511 has 113 homes for sale as of June 2026, with 52 new listings entering the market recently. The median days on market of 46 suggests steady buyer interest, though a quarter of listings have seen price cuts. The neighborhood continues to appreciate, but sellers should recognize that competition is present and some homes are requiring adjustments to move.

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Down payment20% · $226,862

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Human help

Licensed pros in 89511.

Primary seat

Alicia Goolsby

Lic #S.0194120 NV

Based in Reno and serving discerning clients across Northern and Southern Nevada, Alicia Goolsby brings elevated marketing, local insight, and attentive service to every transaction. Having lived in Las Vegas, Henderson, and Reno, she understands Nevada’s most desirable communities. Alicia combines luxury-level presentation, strategic digital exposure, and skilled negotiation to help buyers and sellers move with confidence throughout Reno, Lake Tahoe, Las Vegas, Henderson, and surrounding areas.

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