Home Values

Northwest Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$273,400

  • 9.6% 1-year change
  • 1.8% 1-year forecast

The median home value in Northwest is $273,400. Northwest home values have gone up 9.6% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Northwest is $151, which is higher than the Reno average of $150. The median price of homes currently listed in Northwest is $299,000 while the median price of homes that sold is $264,600. The median rent price in Northwest is $1,425.

Foreclosures will be a factor impacting home values in the next several years. In Northwest 2.9 homes are foreclosed (per 10,000). This is lower than the Reno value of 4.0 and also lower than the national value of 4.5

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Relative ZHVI
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Northwest Market Overview

Data through Oct 31, 2014
  • $273,400 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $299,000 Median listing price
  • $264,600 Median sale price
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Northwest Market Health

Data through Oct 31, 2014
  • 6.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

2.9 homes Northwest
4 homes Reno
4.5 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Southwest $318,600
South Reno $274,900
South Central $257,300
Name Median ZHVI
Old Northwest - West University $186,700
North Valleys $173,000
East Reno $147,800
Name Median ZHVI
Northeast $117,400
 
 

Listings & Sales

Data through Oct 31, 2014
  • $151 Median list price / sq ft
  • $152 Median sale price / sq ft
  • 32.2% Listings with price cut
27.4%
Sold below listing
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Northwest Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,503 Northwest
    $1,343 Reno
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,425 Rent list price
  • $0.86 Rent list price / sq ft
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