89511 Home Values & Market Trends

There are 74 homes currently listed for 89511. 89511 real estate market trends show that home prices range from $200,000 to $12,000,000, and the median sales price in the 89511 zip code is $990,221.36. The total number of properties sold within the past twelve months is 527. In 89511, 4 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.

89511 Real Estate Market Overview

CityMedian Est. Value
Reno

$ 623,201

$ 330/sqft

Housing Market Summary for 89511

Mar 2023February 2024Change
Median Listing Price$1.6M$1M-34.74%
Median Sold Price$899.7K$1M15.30%
Homes For Sale385852.63%
Homes Sold3613640.83%
Price
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Homes For Sale
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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%.

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Browse Homes in 89511

The median list price of a home in Reno, is $990,221.36. A total of 74 properties are for sale, and the percentage of properties for sale in the zip code is 74.00%. The total count of 89511 properties is 10,208.

Foreclosure
There is 1 cities within 89511; within this cities, the median estimated home value for homes in foreclosure ranges from $1,766,479 in reno to the lowest value of $204,686 in reno. Foreclosure homes account for 0.00% of properties in 89511 with reno containing 69 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in 89511 with reno containing 41 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 89511; of that cities, the estimated home value for pre-foreclosure homes ranges from $811,833 in reno to the lowest home value of $204,686 in reno.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 89511 ranges from the highest value of $1,575,509 in reno to the lowest value of $351,900 in reno. Bank owned homes and properties account for 0.01% of properties in 89511. There is 1 cities within 89511; reno containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    reno has 25 auction properties, the highest number of properties going to auction in a single city in the state of 89511. Auction homes and other auction properties account for 0.02% of all properties in 89511. There is 1 cities within 89511; of that cities, the median estimated home value for homes going to auction ranges from $1,766,479 in reno to the lowest value of $330,455 in reno.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.72% of residential properties in 89511 with reno containing 370 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 89511; homes for sale in that cities, have a range of median values from $12,977,842 in reno to the lowest value of $71,874 in reno.
    Sold Homes
    The median value for recently sold homes ranges from $7,939,800 in reno to the lowest price of $35,089 in reno. There is 1 cities within 89511. reno has 3433 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.68% of properties in 89511.

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      Guide for 89511

      Pennsylvania
      Reno Real Estate Market Shows Year-Over-Year Growth Despite Monthly Fluctuations – January 2024 Report
      Pennsylvania
      Henderson Real Estate Market Report March 2024
      Nevada
      A Review of Las Vegas Housing Trends, 2023
      Market Reports
      Newark Real Estate Market Report, March 2024
      See More Articles
      Reno Real Estate Market Shows Year-Over-Year Growth Despite Monthly Fluctuations – January 2024 Report
      Pennsylvania|posted 5 February 2024

      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 Real Estate Market Report March 2024
      Pennsylvania|posted 4 March 2024

      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.

      A Review of Las Vegas Housing Trends, 2023
      Nevada|posted 19 January 2024

      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.

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      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.

      Recently Listed Homes 89511

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