Is 89109, 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, 89109 was a Seller's Market.
Key Takeaway
89109 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 89109, NV
How much do homes in 89109, NV cost?
Median Sold Price
$455,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89109 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 89109 was $455,000 in March 2024, up 6.1% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349K | $372.5K | +6.7% |
| 2 Bedrooms | $595K | $575K | -3.4% |
| 3 Bedrooms | $925K | $787.5K | -14.9% |
| 4 Bedrooms | $750K | $2.1M | +180.0% |
| 5+ Bedrooms | $1.8M | $2.9M | +63.9% |
Summary: 89109 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes increased by 180%, and 5+ bedroom homes increased by 63.9%.
Housing Supply in 89109, NV
How many homes are available in 89109, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 | 167 | +17.6% |
Summary: The 89109 real estate market had 167 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 54 | +14.9% |
| 2 Bedrooms | 66 | 81 | +22.7% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 89109 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89109, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 89109 in March 2024, up by 26.3% month-over-month. Of the 24 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 89109, NV
How long does it take to sell a home in 89109, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 95 Days | 44 Days | -54.0% |
Summary: Homes in 89109 had an average of 44 days on market in Mar 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89109 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 89109; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 21% 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.