Is 89102, 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, 89102 was a Seller's Market.
Key Takeaway
89102 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 89102, NV
How much do homes in 89102, NV cost?
Median Sold Price
$369,497
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89102 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 89102 was $369,497 in March 2024, down 2.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $326.3K | $333K | +2.0% |
| 2 Bedrooms | $295K | $253.5K | -14.1% |
| 3 Bedrooms | $397.5K | $387K | -2.6% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $550K | $630K | +14.5% |
Summary: 89102 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 89102, NV
How many homes are available in 89102, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 110 | +37.5% |
Summary: The 89102 real estate market had 110 homes for sale in March 2024, a 37.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 23 | 34 | +47.8% |
| 3 Bedrooms | 33 | 44 | +33.3% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 89102 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 47.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89102, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 89102 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for 89102, NV
How long does it take to sell a home in 89102, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 80 Days | +129.3% |
Summary: Homes in 89102 had an average of 80 days on market in Mar 2024, up by 129.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89102 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 89102; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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.