Market Intelligence · NV / Reno

Reno, NV 89523 Housing Market

In Reno's 89523 ZIP code, the typical home value is $641,673, up 1.2% over the past year. The median list price sits at $768,725, and homes are taking a median of 36 days on market as of June 1, 2026.

Updated June 2026Median value$642K

The median home value in Reno, NV 89523 is $642K as of June 2026, up 1.2% 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

$590K to $693K

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

+1.2% over 12 months

Typical home value in 89523 over the last 12 months: $634K in Jun 2025 to $642K in Jun 2026 (+1.2%).

Jun 2025$634K

Jun 2026$642K

The numbers

What is the 89523 housing market like?

Typical home value

$642K

Up1.2%YoY

Median list price

$769K

Days on market

36

Down16.3%MoM

Homes for sale

85

Price cuts

16.1%

New listings

56

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

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The comparison

How do 89523 home prices compare?

  • 89523$641,673
  • 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

As of June 1, 2026, there are 85 homes for sale in 89523, with 56 new listings adding to the mix. The median list price is $768,725, while the typical home value is $641,673, up 1.2% over the past year. Homes are spending a median of 36 days on market, and 16.1% of listings have taken a price cut. For sellers, this points to steady demand alongside some negotiation, so pricing carefully at the start matters.

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