Is 89027, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 89027 has remained a Seller's Market.
Key Takeaway
89027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89027, NV
How much do homes in 89027, NV cost?
Median Sold Price
$345,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89027 have sold for 6% less than they did a year ago.
Summary: The median home sold price in 89027 was $345,000 in April 2024, down 6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119.5K | N/A |
| 2 Bedrooms | $245K | $310K | +26.5% |
| 3 Bedrooms | $390K | $354.9K | -9.0% |
| 4 Bedrooms | $379.9K | $369.4K | -2.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 89027 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 89034 | $399.4K | $427.5K | +7.0% |
| 89027 | $367K | $345K | -6.0% |
Housing Supply in 89027, NV
How many homes are available in 89027, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Summary: The 89027 real estate market had 63 homes for sale in April 2024, a 7.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 89027 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 89027, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 89027 in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for 89027, NV
How long does it take to sell a home in 89027, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 109 Days | +36.0% |
Summary: Homes in 89027 had an average of 109 days on market in Apr 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 89027 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 14 homes were sold in 89027; 21% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 57% 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.