Is 89103, 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, 89103 has remained a Seller's Market.
Housing Prices in 89103, NV
How much do homes in 89103, NV cost?
Median Sold Price
$257,383
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 89103 was $257,383 in March 2024, down 7.7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.9K | $181.5K | -2.9% |
2 Bedrooms | $240K | $236.2K | -1.6% |
3 Bedrooms | $367.5K | $377.2K | +2.7% |
4 Bedrooms | $452.5K | $436.5K | -3.5% |
5+ Bedrooms | $459.7K | $502.5K | +9.3% |
Summary: 89103 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 89103, NV
How many homes are available in 89103, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
189 | 216 | +14.3% |
Summary: The 89103 real estate market had 216 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 42 | 49 | +16.7% |
2 Bedrooms | 100 | 116 | +16.0% |
3 Bedrooms | 31 | 30 | -3.2% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 89103 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 47 | +4.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 89103 in March 2024, up by 4.4% month-over-month. Of the 47 sold homes, 60% were sold under asking, 19% were sold at asking, and 21% were sold over asking.
Days on Market for 89103, NV
How long does it take to sell a home in 89103, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 40 Days | -12.1% |
Summary: Homes in 89103 had an average of 40 days on market in Mar 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in 89103; 66% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.