Fastest-Selling Reno ZIP Codes: Which Areas Are Moving Fastest?

If you’re looking to buy in Reno and want to know which areas have homes that sell quickly, this list is for you. Over the past 30 days, ZIP code 89506 has emerged as the fastest-selling area with a median of just 50 days on market.

1. ZIP 89506

With a median price of $457,500 and 42 sales recorded in the last month, this Reno ZIP code stands out for its quick turnaround time. Homes here typically sell very close to their asking prices with 69% of sales closing at or above list price.

2. ZIP 89503

Coming in second place is ZIP 89503, where homes have a median days on market (DOM) of 52 days and are priced at $449,500. This area saw 24 sales over the past month with 50% closing at or above asking price.

3. ZIP 89509

ZIP code 89509 is notable for its median DOM of 53.5 days and a higher median sale price of $660,000. With 42 sales recorded in the last month, nearly 40% of homes here sold at or above their list prices.

4. ZIP 89502

With a median DOM of 57 days, ZIP code 89502 offers homes priced around $465,000. This area saw 25 sales in the past month, with nearly half (44%) closing at or above their asking prices.

5. ZIP 89511

Homes in ZIP code 89511 have a median DOM of 63 days and a significantly higher median price point of $1,630,000. This area saw 33 sales over the past month with just 33% selling at or above their list prices.

6. ZIP 89523

At number six is ZIP code 89523, where homes have a median DOM of 63.5 days and a median price of $645,000. This area saw 44 sales in the last month with nearly one-third (36%) closing at or above their asking prices.

7. ZIP 89508

With a median DOM of 68 days and a median sale price of $472,500, ZIP code 89508 saw 19 sales in the past month. Over half (58%) of these homes sold at or above their list prices.

8. ZIP 89521

Homes in ZIP code 89521 have a median DOM of 73 days and are priced around $727,500. This area saw 56 sales over the past month with nearly half (55%) closing at or above their asking prices.

9. ZIP 89512

ZIP code 89512 stands out for its median DOM of 81 days and a median sale price of $544,995. This area saw just 10 sales in the past month but nearly three-quarters (70%) sold at or above their asking prices.

10. ZIP 89519

Closing out our list is ZIP code 89519 with a median DOM of 99 days and a median price point of $1,115,000. This area saw 14 sales in the past month with nearly one-third (29%) closing at or above their asking prices.

What this data does and doesn't say

This ranking is computed from MLS closed-sale records over the trailing 30 days for residential properties only. It’s important to note that single-month median DOMs can be misleading in thinly traded segments, so take these numbers with a grain of salt. The figures provided here are sourced from the same dataset behind the Biggest Little Market Report.

Questions people ask

• Why do some ZIP codes sell faster than others?

Faster selling areas often have fewer inventory options or may attract buyers due to specific neighborhood attributes like proximity to amenities, schools, and employment centers.

• What does it mean if a home sells at or above asking price?

When homes close at their list prices or higher, it typically indicates strong buyer interest and a competitive market. However, this doesn’t necessarily reflect the true value of the property.

• How can I find out more about these ZIP codes?

For detailed information on each area, including specific neighborhoods within a ZIP code, feel free to reach out to me directly. I’d love to guide you through your search and help you find the perfect home that meets all your needs.