Is 89031, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 89031 has remained a Seller's Market.
Housing Prices in 89031, NV
How much do homes in 89031, NV cost?
Median Sold Price
$395,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 89031 was $395,000 in February 2024, down 4.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $316.2K | $305K | -3.5% |
3 Bedrooms | $394.9K | $375K | -5.1% |
4 Bedrooms | $441K | $419K | -5.0% |
5+ Bedrooms | $492.2K | $483.4K | -1.8% |
Summary: 89031 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 89031, NV
How many homes are available in 89031, NV?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
244 | 262 | +7.4% |
Summary: The 89031 real estate market had 262 homes for sale in February 2024, a 7.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 134 | 145 | +8.2% |
4 Bedrooms | 77 | 80 | +3.9% |
5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The 89031 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
64 | 51 | -20.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in 89031 in February 2024, down by 20.3% month-over-month. Of the 51 sold homes, 51% were sold under asking, 31% were sold at asking, and 18% were sold over asking.
Days on Market for 89031, NV
How long does it take to sell a home in 89031, NV?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
57 Days | 35 Days | -38.1% |
Summary: Homes in 89031 had an average of 35 days on market in Feb 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 51 homes were sold in 89031; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.