2025 Annual Market Report
ABOUT US
Ferrari-Lund Real Estate is celebrating 38 years of business, and we are excited to share with you our 2025 annual report.
Serving our community with expertise, stability, and proven success has always been our top priority. We are proud to be a locally owned and operated brokerage that is consistently a top-producing firm in Northern Nevada.
At Ferrari-Lund, we use a unique combination of industry-leading resources, personalized support, the most innovative technology available, and high-level marketing resources for our clients. Coinciding with strong personalized client relationships and individually tailored solutions, our agents close deals that leave you with peace of mind and positive outcomes.
Whether you are buying, selling, or investing, we are here for all your real estate needs. Our goal remains to provide you with a rewarding experience that is aligned with your specific goals, finances, and situation.
We hope you find this market information valuable.
RENO & SPARKS
MEDIAN SALES PRICE YEAR END
$400,000
RENO
$600,000
$550,000
$500,000
$450,000
MEDIAN SALES PRICE YEAR END
DECEMBER 2025 MARKET SUMMARY
Closings of single-family homes in Reno totaled 268 in December of 2025; an increase of 27.6% from November of 2025 and an increase of 10.7% from December of 2024.
The December median sales price in Reno for a single-family home landed at $685,423 – up 2.9% from the previous month and up 5.8% from December of 2024. All sales numbers are based on existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular, or new construction homes.
The existing condo/townhome median sales price in December of 2025 was $385,000 in Reno, increasing 3.8% from December of 2024.
SPARKS
$490,000
$470,000
$450,000
MEDIAN SALES PRICE YEAR END
DECEMBER 2025 MARKET SUMMARY
Closings of existing single-family homes in Sparks totaled 138 in December of 2025; an increase of 19% from November of 2025 and an increase of 30.2% from December of 2024.
The December median sales price in Sparks for a single-family home landed at $525,000 – down 4.4% from the previous month and down 4% from December of 2024. All sales numbers are based on existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular, or new construction homes.
The existing condo/townhome median sales price in December of 2025 was $300,000 in Sparks, decreasing 30.3% from December of 2024.
89509
Zip code 89509 remains one of Reno’s most desirable areas, known for its historic charm and proximity to numerous Reno amenities, including dining, nightlife, and shopping.
MEDIAN SALES PRICE YEAR END
$950,000
$900,000
$850,000
$800,000
$750,000
$700,000
$650,000
$600,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
Zip code 89519 in Reno is a picturesque area blending natural beauty with upscale living, offering a serene environment with a mix of luxurious homes, well-maintained neighborhoods, and easy access to outdoor recreation.
MEDIAN SALES PRICE YEAR END
Zip code 89511 in South Reno is known for its luxury homes, spacious lots, and stunning mountain views. With close proximity to golf courses, hiking trails, and premier amenities, it’s a top choice for upscale living.
MEDIAN SALES PRICE YEAR END
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$800,000
$780,000
$760,000
$740,000
$720,000
$700,000
$680,000
$660,000
Zip code 89521 in South Reno is a rapidly growing area featuring modern homes and master-planned communities. Known for its convenient access to parks and shopping, it’s a hub for contemporary living.
MEDIAN SALES PRICE YEAR END
89502
Zip code 89502 in Reno offers a mix of established neighborhoods and modern conveniences. With easy access to Midtown, Reno-Tahoe International Airport, and local parks, it’s a hub of activity and accessibility.
MEDIAN SALES PRICE YEAR END
$700,000
$650,000
$600,000
$550,000
$500,000
$450,000
$400,000
$600,000 $560,000 $540,000
89503
Zip code 89503 in Reno is a centrally located area known for its mix of classic neighborhoods and scenic views. With close proximity to the University of Nevada, Reno, and the Truckee River, it’s ideal for students and outdoor enthusiasts.
MEDIAN SALES PRICE YEAR END
Zip code 89523 in Northwest Reno offers a mix of suburban charm and outdoor adventure. Known for its delightful neighborhoods and proximity to the Truckee River and Sierra trails, it’s perfect for an active lifestyle.
MEDIAN SALES PRICE YEAR END
$800,000 $775,000
$750,000
$725,000
$700,000
$675,000
$650,000
$625,000
$600,000 $575,000
$550,000
$510,000
$500,000
$490,000
$480,000
$470,000
$460,000
$450,000
$440,000
$430,000
$420,000
$600,000
$580,000
Zip code 89434, located in Sparks, is a dynamic area blending suburban charm with convenient access to major amenities. Known for its enjoyable neighborhoods and proximity to outdoor recreation, it remains a popular choice for homeowners.
MEDIAN SALES PRICE YEAR END
$900,000
$850,000
$800,000
$750,000
$700,000
$650,000
$600,000
$550,000
$500,000
NUMBER
SALES PRICE YEAR END
SALES PRICE YEAR END
