Market Intelligence · NV / Washoe Valley

Washoe Valley, NV 89704 Housing Market

In Washoe Valley, 89704, the typical home value stands at $722,464, reflecting a 1.8% gain over the past year. The median list price is $1,143,000, and homes spend a median of 81 days on market.

Updated September 2026Median value$722K

The median home value in Washoe Valley, NV 89704 is $722K as of September 2026, up 1.8% 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 89704 range

$665K to $780K

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

+1.8% over 12 months

Sep 2025$709K

Low $704KHigh $722K

Sep 2026$722K

The numbers

What is the 89704 housing market like?

As of September 2026

Typical home value

$722K

1.8%YoY

Median list price

$1.14M

41.4%MoM

Days on market

28.3%MoM

Homes for sale

33.3%MoM

Price cuts

26.7%

66.7%MoM

New listings

100.0%MoM

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

The outlook

89704 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89704 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 89704 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 89704?

Zillow's forecast does not call for a drop: it expects typical home values in 89704 to rise 2.1% by September 2027, after a 1.8% 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 89704 home prices compare?

89704$722,464
Washoe Valley$722,464
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 (Washoe Valley: 1 ZIP; Nevada: 133 ZIPs; United States: 26,262 ZIPs).

Context

Washoe Valley's market is showing modest movement. There are 16 homes for sale, with 8 new listings as of September 2026. More than a quarter of those listings, specifically 26.7%, have seen price reductions. The extended time homes spend on the market, combined with the number of price cuts, suggests sellers should be realistic about pricing and prepared for a measured sales process.

Monthly payment

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Home price

Down payment20% · $144,493

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Human help

Licensed pros in 89704.

Primary seat

Matthew Murphy

Lic #B.146332.LLC NV

Common questions

What people ask us.

What is the typical home value in Washoe Valley, 89704?

The typical home value is $722,464, up 1.8% over the past year.

How long do homes typically stay on the market here?

Homes spend a median of 81 days on market in this area.

What share of listings have price cuts?

26.7% of listings have seen a price cut as of September 2026.

Discover

Nearby ZIP markets.

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