Market Intelligence · NV / Reno

Reno, NV 89523 Housing Market

The typical home in Reno, NV 89523 is valued at $635,584 as of September 2026, up 2.7% over the past year. The median list price stands at $713,450, and homes are spending a median of 54 days on the market.

Updated September 2026Median value$636K

The median home value in Reno, NV 89523 is $636K as of September 2026, up 2.7% 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 89523 range

$585K to $686K

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

+2.7% over 12 months

Sep 2025$619K

Low $619KHigh $636K

Sep 2026$636K

The numbers

What is the 89523 housing market like?

As of September 2026

Typical home value

$636K

2.7%YoY

Median list price

$713K

3.5%MoM

Days on market

3.8%MoM

Homes for sale

1.1%MoM

Price cuts

19.5%

25.7%MoM

New listings

23.1%MoM

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

The outlook

89523 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89523 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 89523 rose 2.7%, per the Zillow Home Value Index.

Will home prices drop in 89523?

Zillow's forecast does not call for a drop: it expects typical home values in 89523 to rise 1.8% by September 2027, after a 2.7% 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 89523 home prices compare?

89523$635,584
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

Sellers in Reno, NV 89523 are asking a median of $713,450, above the typical home value of $635,584, which suggests many listings aim higher than what the average home is worth. There were 91 homes for sale as of September 2026, with 40 new listings coming on. Buyers have some room to negotiate, since 19.5% of listings carried a price cut. Homes are moving at a median of 54 days, so sales are happening but not instantly. A realistic price matters more here than testing the top of the market.

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Down payment20% · $127,117

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Common questions

What people ask us.

How much is a home in 89523 worth?

The typical home value in Reno, NV 89523 is $635,584 as of September 2026, up 2.7% over the past year.

How long do homes take to sell in 89523?

Homes in this ZIP spend a median of 54 days on the market as of September 2026.

Are sellers in 89523 cutting prices?

Yes, 19.5% of listings in 89523 had a price cut as of September 2026. The median list price is $713,450.

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Nearby ZIP markets.

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