Is 89031, 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, 89031 has remained a Seller's Market.
Key Takeaway
89031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89031, NV
How much do homes in 89031, NV cost?
Median Sold Price
$396,333
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89031 have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in 89031 was $396,333 in March 2024, down 3.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315.3K | $305K | -3.3% |
| 3 Bedrooms | $390K | $375.8K | -3.6% |
| 4 Bedrooms | $440K | $420K | -4.5% |
| 5+ Bedrooms | $488K | $475K | -2.7% |
Summary: 89031 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 89031, NV
How many homes are available in 89031, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 270 | 296 | +9.6% |
Summary: The 89031 real estate market had 296 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 152 | 167 | +9.9% |
| 4 Bedrooms | 82 | 86 | +4.9% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The 89031 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 26.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 79 | +49.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89031, you may be able to get a good deal. 43% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in 89031 in March 2024, up by 49.1% month-over-month. Of the 79 sold homes, 43% were sold under asking, 28% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 40 Days | -12.1% |
Summary: Homes in 89031 had an average of 40 days on market in Mar 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89031 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 79 homes were sold in 89031; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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.