Sparks Housing Market by ZIP Code: The Latest Trends

The latest trends in the Sparks housing market reveal some interesting insights across different ZIP codes. Over the trailing 30 days of MLS closed-sale records, one area stands out as the most active: ZIP code 89436 with a robust 66 sales recorded.

1. ZIP 89436

ZIP 89436 has seen significant activity in recent weeks, leading the pack with 66 sales over the last month. The median price for homes here is $612,500, and the median price per square foot (ppsf) is a relatively high $290. Homes in this ZIP code are moving quickly, with a median days on market of just 71 days. Interestingly, 55% of sales closed at or over the final list price, indicating strong demand despite recent fluctuations. Compared to the previous month, prices have increased by 2.9%.

2. ZIP 89431

Next up is ZIP code 89431, which recorded 28 sales in the past month. The median sale price here is $367,450, with a median ppsf of $300. Homes in this area are also selling quickly, with a median days on market of just 61 days. A notable statistic for ZIP 89431 is that 71% of sales closed at or over the asking price. However, it's worth noting that prices have dropped by 12.1% compared to the previous month.

3. ZIP 89434

ZIP code 89434 has seen 23 sales in the past 30 days, with a median sale price of $470,000 and a median ppsf of $312. The median days on market for homes here is also relatively low at 61 days. An impressive 78% of sales closed at or over the asking price in this ZIP code, indicating strong buyer interest. Prices have increased by 1.8% compared to the previous month.

4. ZIP 89441

Rounding out the top four is ZIP code 89441, with 16 sales recorded during the same period. The median sale price here is $725,000 and the median ppsf stands at $311. Homes in this area have a median days on market of just 64 days. A solid 50% of sales closed at or over asking, suggesting steady demand despite the higher price point. Prices in ZIP 89441 increased by 2.5% month-over-month.

What This Data Does and Doesn't Say

The data presented here is computed from MLS closed-sale records for residential properties only, covering the trailing 30 days. Single-month medians can be misleading due to small sample sizes in less active segments. These figures are part of the same dataset behind the Biggest Little Market Report, providing a reliable snapshot of market conditions.

Questions People Ask

• How do I find out more about specific neighborhoods or price ranges within these ZIP codes?

You can reach out with your questions and preferences to get a personalized overview. Whether you're interested in high-end enclaves or starter homes, I'd love to help guide you through the process.

• What factors are contributing to the fluctuations in sales prices across different areas?

There are various market dynamics at play, including local economic conditions, interest rates, and supply levels. For a more detailed analysis of these factors, consider consulting a licensed real estate professional or referring to reports from organizations like Nevada REALTORS® nevadarealtors.org.

• How does this data compare with historical trends?

To understand how recent market activity compares to past performance, you might want to review comprehensive market analyses provided by the Reno/Sparks Association of REALTORS® (RSAR) rsar.realtor. These reports offer a broader context and can help identify longer-term patterns.

If any of these ZIP codes resonate with your home search or if you have questions about other areas in Sparks, feel free to share your needs. I'd be delighted to connect and discuss how we can make your housing journey as smooth and enjoyable as possible.