Is 89061, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 89061 has remained a Seller's Market.
Key Takeaway
89061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89061, NV
How much do homes in 89061, NV cost?
Median Sold Price
$373,950
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89061 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 89061 was $373,950 in April 2024, down 2.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $339.9K | $319.5K | -6.0% |
| 3 Bedrooms | $382.5K | $379.8K | -0.7% |
| 4 Bedrooms | $419.9K | $412.5K | -1.8% |
| 5+ Bedrooms | $470K | $465K | -1.1% |
Summary: 89061 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Zip Codes
| 89048 | $365K | $360K | -1.4% |
| 89061 | $384.9K | $373.9K | -2.8% |
Housing Supply in 89061, NV
How many homes are available in 89061, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 153 | 169 | +10.5% |
Summary: The 89061 real estate market had 169 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 105 | 114 | +8.6% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The 89061 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 36 | +63.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89061, expect to pay close to the asking price. 47.2% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in 89061 in April 2024, up by 63.6% month-over-month. Of the 36 sold homes, 39% were sold under asking, 47% were sold at asking, and 14% were sold over asking.
Days on Market for 89061, NV
How long does it take to sell a home in 89061, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 50 Days | -22.1% |
Summary: Homes in 89061 had an average of 50 days on market in Apr 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89061 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in 89061; 47% of homes were sold within 30 days, 42% 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.