In the last 30 days, ZIP code 89441 has seen the highest number of price cuts among home sellers in Sparks, with 54% of its active listings lowering their asking prices at least once.
1. ZIP 89441
ZIP code 89441 tops the list with 36 price cuts out of 67 active listings, making it the area where sellers are most frequently adjusting their prices downward. The median reduction is 2.1%, indicating that on average, sellers in this ZIP code are lowering their asking prices by a little more than 2%.
2. ZIP 89434
In second place is ZIP code 89434, where 30 out of 81 active listings have seen price reductions. This represents 37% of the total inventory in this area. The median cut percentage here is 2%, showing that sellers are making relatively small adjustments to their asking prices.
3. ZIP 89431
ZIP code 89431 follows closely behind with 30 price cuts out of 92 active listings, accounting for 33% of the inventory in this area. Sellers here have a median cut percentage of 2.5%, indicating slightly larger reductions compared to other ZIP codes.
4. ZIP 89436
Rounding out the list is ZIP code 89436, which has seen 85 price cuts across its 279 active listings, representing 30% of the total inventory in this area. The median cut percentage here is 1.9%, showing that sellers are making modest adjustments to their asking prices.
What This Data Does and Doesn't Say
This ranking is based on MLS closed-sale and active-listing records for residential properties only, covering the trailing 30 days. Single-month medians can be less reliable in thinly traded segments of the market. These figures come from the same dataset behind the Biggest Little Market Report.
Questions People Ask
- How often are price cuts happening? In ZIP code 89441, 54% of active listings have seen at least one price reduction.
- What is the median cut percentage? The median cut percentage for ZIP code 89436 is 1.9%, indicating modest adjustments to asking prices.
Talk to a Person
If you're looking for personalized guidance on navigating the Sparks real estate market, use the form on our homepage to connect with a licensed local professional who can provide tailored advice and support.