Home ValuePros

Market Intelligence · NV / Reno

Reno, NV 89523 Housing Market

Homes in Reno 89523 have a typical value of $645,081, up 1.7% over the past year. The median list price is $739,000, with homes staying on market for a median of 52 days.

Updated August 2026Median value$639K

The median home value in Reno, NV 89523 is $639K as of August 2026, up 2.3% 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 89523 range

$588K to $690K

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

Typical home value in 89523 over the last 12 months: $625K in Aug 2025 to $639K in Aug 2026 (+2.3%).

Aug 2025$625K

Aug 2026$639K

The numbers

What is the 89523 housing market like?

Typical home value

$639K

Up2.3%YoY

Median list price

$739K

Down5.5%MoM

Days on market

52

Up10.6%MoM

Homes for sale

92

Up9.5%MoM

Price cuts

26.2%

Up29.6%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 89523 home prices compare?

  • 89523$639,126
  • 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

The ZIP has 92 homes for sale with 52 new listings as of early August 2026. At a median of 52 days on market, homes are taking a moderate time to sell. However, 26.2% of listings have seen a price cut, suggesting some sellers are adjusting expectations. This mix of steady appreciation and rising discounting means buyers have room to negotiate, while sellers should prepare for a longer sales process.

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20% · $127,825

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