89506 Home Values & Market Trends
There are 1,079 homes currently listed for 89506. 89506 real estate market trends show that home prices range from $25,000 to $1,999,000, and the median sales price in the 89506 zip code is $460,027. The total number of properties sold within the past twelve months is 974. In 89506, 29 properties are in foreclosure, 5 are bank owned properties,and 7 are headed for auction.
89506 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Reno | $ 616,875 $ 342/sqft |
Housing Market Summary for 89506
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $444.1K | $450K | 1.33% |
| Median Sold Price | $469.8K | $468.2K | -0.32% |
| Homes For Sale | 712 | 1,064 | 49.44% |
| Homes Sold | 349 | 289 | -17.19% |
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 89506
Browse Homes in 89506
The median list price of a home in Reno, is $460,027. A total of 1,079 properties are for sale, and the percentage of properties for sale in the zip code is 1079.00%. The total count of 89506 properties is 1,422.
- Pre-ForeclosurePre-foreclosure homes account for 1.20% of all residential properties in 89506 with reno containing 60 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 89506; of that cities, the estimated home value for pre-foreclosure homes ranges from $3,795,000 in reno to the lowest home value of $179,900 in reno.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 89506 ranges from the highest value of $1,812,491 in reno to the lowest value of $113,925 in reno. Bank owned homes and properties account for 0.35% of properties in 89506. There is 1 cities within 89506; reno containing 26 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsreno has 15 auction properties, the highest number of properties going to auction in a single city in the state of 89506. Auction homes and other auction properties account for 0.49% of all properties in 89506. There is 1 cities within 89506; of that cities, the median estimated home value for homes going to auction ranges from $999,999 in reno to the lowest value of $353,437 in reno.
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Guide for 89506
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
