89501 Home Values & Market Trends
There are 9 homes currently listed for 89501. 89501 real estate market trends show that home prices range from $280,000 to $699,000, and the median sales price in the 89501 zip code is $420,238.67. The total number of properties sold within the past twelve months is 40. In 89501, 0 properties are in foreclosure, 0 are bank owned properties,and 0 are headed for auction.
89501 Real Estate Market Overview
City | Median Est. Value |
---|---|
Reno | $ 623,201 $ 330/sqft |
Housing Market Summary for 89501
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $400K | $431.5K | 7.86% |
Median Sold Price | $429.4K | $431.5K | 0.49% |
Homes For Sale | 10 | 6 | -40.00% |
Homes Sold | 10 | 28 | 180.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 89501
Browse Homes in 89501
The median list price of a home in Reno, is $420,238.67. A total of 9 properties are for sale, and the percentage of properties for sale in the zip code is 9.00%. The total count of 89501 properties is 533.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 89501 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 89501; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 89501 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 89501. There is 1 cities within 89501; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 89501. Auction homes and other auction properties account for 0% of all properties in 89501. There is 1 cities within 89501; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for 89501
The Reno real estate market exhibits fluctuating trends, with an overall annual increase in property values, especially in value per square foot. Other cities present diverse price trends, and foreclosure data outlines consistency in distressed property values. Current listing prices, higher than recent transaction values, indicate potential growth expectations.
Henderson’s real estate market, from March 2023 to February 2024, demonstrates adjusting property values, consistent demand, and the significance of when to list or sell properties.
Las Vegas saw a decrease in average property values and a stable per square foot value, suggesting a nuanced and evolving investment landscape in 2023.
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.