89503 Home Values & Market Trends
There are 24 homes currently listed for 89503. 89503 real estate market trends show that home prices range from $125,000 to $3,990,000, and the median sales price in the 89503 zip code is $461,154.41. The total number of properties sold within the past twelve months is 387. In 89503, 9 properties are in foreclosure, 0 are bank owned properties,and 4 are headed for auction.
89503 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Reno | $ 624,750 $ 330/sqft |
Housing Market Summary for 89503
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $434.9K | $447.6K | 2.92% |
| Median Sold Price | $432.3K | $447.6K | 3.52% |
| Homes For Sale | 23 | 26 | 13.04% |
| Homes Sold | 253 | 292 | 15.42% |
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 89503
Browse Homes in 89503
The median list price of a home in Reno, is $461,154.41. A total of 24 properties are for sale, and the percentage of properties for sale in the zip code is 24.00%. The total count of 89503 properties is 8,502.
- Pre-ForeclosurePre-foreclosure homes account for 0.06% of all residential properties in 89503 with reno containing 45 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 89503; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,390,516 in reno to the lowest home value of $255,643 in reno.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 89503 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 89503. There is 1 cities within 89503; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsreno has 29 auction properties, the highest number of properties going to auction in a single city in the state of 89503. Auction homes and other auction properties account for 0.05% of all properties in 89503. There is 1 cities within 89503; of that cities, the median estimated home value for homes going to auction ranges from $1,756,336 in reno to the lowest value of $326,627 in reno.
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More Real Estate Resources for 89503
Guide for 89503
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.
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