Is 89029, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 89029 was a Seller's Market.
Key Takeaway
89029 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 89029, NV
How much do homes in 89029, NV cost?
Median Sold Price
$247,450
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89029 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 89029 was $247,450 in March 2024, up 4.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $130.1K | 0.1% |
| 2 Bedrooms | $188.2K | $185.7K | -1.3% |
| 3 Bedrooms | $295K | $302.7K | +2.6% |
| 4 Bedrooms | $392.5K | $390K | -0.6% |
| 5+ Bedrooms | $553K | - | N/A |
Summary: 89029 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in 89029, NV
How many homes are available in 89029, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 129 | +11.2% |
Summary: The 89029 real estate market had 129 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 54 | 65 | +20.4% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 89029 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 20.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
14 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 89029, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 89029 in March 2024, down by 18.2% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% were sold over asking.
Days on Market for 89029, NV
How long does it take to sell a home in 89029, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 70 Days | +1.4% |
Summary: Homes in 89029 had an average of 70 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89029 has remained consistent over time.
Summary: During March 2024, 18 homes were sold in 89029; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% 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.