Is 89002, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 89002 has remained a Seller's Market.
Key Takeaway
89002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89002, NV
How much do homes in 89002, NV cost?
Median Sold Price
$430,250
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89002 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 89002 was $430,250 in March 2024, down 4.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $203K | -1.0% |
| 2 Bedrooms | $307K | $315K | +2.6% |
| 3 Bedrooms | $404.3K | $400K | -1.1% |
| 4 Bedrooms | $500K | $495K | -1.0% |
| 5+ Bedrooms | $635K | $625K | -1.6% |
Summary: 89002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 89002, NV
How many homes are available in 89002, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 135 | 145 | +7.4% |
Summary: The 89002 real estate market had 145 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 63 | 67 | +6.3% |
| 4 Bedrooms | 42 | 36 | -14.3% |
| 5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The 89002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89002, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 89002 in March 2024, up by 2.5% month-over-month. Of the 41 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.
Days on Market for 89002, NV
How long does it take to sell a home in 89002, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 34 Days | -39.5% |
Summary: Homes in 89002 had an average of 34 days on market in Mar 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89002 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 41 homes were sold in 89002; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.