Is 89048, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 89048 was a Neutral Market.
Key Takeaway
89048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89048, NV
How much do homes in 89048, NV cost?
Median Sold Price
$360,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89048 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 89048 was $360,000 in April 2024, down 1.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $141.2K | -44.1% |
| 2 Bedrooms | $255K | $275K | +7.8% |
| 3 Bedrooms | $365K | $350K | -4.1% |
| 4 Bedrooms | $465K | $452.4K | -2.7% |
| 5+ Bedrooms | $625K | $449.9K | -28.0% |
Summary: 89048 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 28%.
Housing Supply in 89048, NV
How many homes are available in 89048, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 132 | +0.8% |
Summary: The 89048 real estate market had 132 homes for sale in April 2024, a 0.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 74 | 81 | +9.5% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 89048 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89048, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 89048 in April 2024, up by 7.7% month-over-month. Of the 28 sold homes, 54% were sold under asking, 36% were sold at asking, and 11% were sold over asking.
Days on Market for 89048, NV
How long does it take to sell a home in 89048, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 75 Days | +63.2% |
Summary: Homes in 89048 had an average of 75 days on market in Apr 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89048 has remained consistent over time.
Summary: During April 2024, 28 homes were sold in 89048; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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. 
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