Is 89101, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 89101 was a Seller's Market.
Key Takeaway
89101 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 89101, NV
How much do homes in 89101, NV cost?
Median Sold Price
$328,750
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 89101 has remained the same since last year.
Summary: The median home sold price in 89101 was $328,750 in March 2024, up 0.2% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330.9K | $315.4K | -4.7% |
| 2 Bedrooms | $410.5K | $335K | -18.4% |
| 3 Bedrooms | $314.2K | $321.5K | +2.3% |
| 4 Bedrooms | $334K | $340K | +1.8% |
| 5+ Bedrooms | $353K | $350.5K | -0.7% |
Summary: 89101 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 89101, NV
How many homes are available in 89101, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 106 | +15.2% |
Summary: The 89101 real estate market had 106 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 26 | +23.8% |
| 2 Bedrooms | 31 | 36 | +16.1% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 89101 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89101, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 89101 in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for 89101, NV
How long does it take to sell a home in 89101, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 29 Days | -55.4% |
Summary: Homes in 89101 had an average of 29 days on market in Mar 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 89101 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 89101; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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.