Is 89032, 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, 89032 has remained a Seller's Market.
Key Takeaway
89032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89032, NV
How much do homes in 89032, NV cost?
Median Sold Price
$370,388
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89032 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 89032 was $370,388 in March 2024, down 3.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $170K | 0.0% |
| 2 Bedrooms | $264K | $258.6K | -2.0% |
| 3 Bedrooms | $372.3K | $365K | -2.0% |
| 4 Bedrooms | $415.5K | $400K | -3.7% |
| 5+ Bedrooms | $480K | $460.5K | -4.1% |
Summary: 89032 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 2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 89032, NV
How many homes are available in 89032, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 148 | 166 | +12.2% |
Summary: The 89032 real estate market had 166 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 85 | 99 | +16.5% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 89032 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 46 | +39.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89032, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in 89032 in March 2024, up by 39.4% month-over-month. Of the 46 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for 89032, NV
How long does it take to sell a home in 89032, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 34 Days | -23.8% |
Summary: Homes in 89032 had an average of 34 days on market in Mar 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89032 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in 89032; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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.