Is 89108, 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, 89108 has remained a Seller's Market.
Key Takeaway
89108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89108, NV
How much do homes in 89108, NV cost?
Median Sold Price
$330,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89108 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 89108 was $330,000 in March 2024, down 2.1% 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 | $166K | $165K | -0.6% |
| 2 Bedrooms | $229K | $222K | -3.1% |
| 3 Bedrooms | $352.3K | $343.2K | -2.6% |
| 4 Bedrooms | $410K | $395K | -3.7% |
| 5+ Bedrooms | $553K | $454.5K | -17.8% |
Summary: 89108 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 17.8%.
Housing Supply in 89108, NV
How many homes are available in 89108, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 229 | 241 | +5.2% |
Summary: The 89108 real estate market had 241 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 83 | 70 | -15.7% |
| 3 Bedrooms | 89 | 106 | +19.1% |
| 4 Bedrooms | 43 | 53 | +23.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 89108 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 60 | +27.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89108, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in 89108 in March 2024, up by 27.7% month-over-month. Of the 60 sold homes, 42% were sold under asking, 30% were sold at asking, and 28% were sold over asking.
Days on Market for 89108, NV
How long does it take to sell a home in 89108, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 31 Days | -37.5% |
Summary: Homes in 89108 had an average of 31 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89108 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 60 homes were sold in 89108; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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.