Is 89011, 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, 89011 has remained a Seller's Market.
Key Takeaway
89011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89011, NV
How much do homes in 89011, NV cost?
Median Sold Price
$460,900
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89011 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 89011 was $460,900 in March 2024, up 2.7% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $222.2K | +8.4% |
| 2 Bedrooms | $308K | $310K | +0.6% |
| 3 Bedrooms | $449K | $458.6K | +2.1% |
| 4 Bedrooms | $570K | $599.5K | +5.2% |
| 5+ Bedrooms | $675K | $830K | +23.0% |
Summary: 89011 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 23%.
Housing Supply in 89011, NV
How many homes are available in 89011, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 269 | 284 | +5.6% |
Summary: The 89011 real estate market had 284 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 48 | 52 | +8.3% |
| 3 Bedrooms | 125 | 131 | +4.8% |
| 4 Bedrooms | 66 | 70 | +6.1% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 89011 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 60 | -7.7% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89011, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in 89011 in March 2024, down by 7.7% month-over-month. Of the 60 sold homes, 75% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for 89011, NV
How long does it take to sell a home in 89011, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 51 Days | -29.7% |
Summary: Homes in 89011 had an average of 51 days on market in Mar 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89011 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 60 homes were sold in 89011; 48% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% 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.