Is 89115, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89115 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 89115 has remained a Seller's Market.

Key Takeaway

89115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89115, NV

How much do homes in 89115, NV cost?

Median Sold Price

$315,400

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,100(+1.6%)

Key Takeaway

Homes in 89115 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 89115 was $315,400 in February 2024, up 1.6% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $114K$130K
+14.0%
2 $187.5K$193.7K
+3.3%
3 $315K$315K
0.0%
4 $350K$340K
-2.9%
5+ $390K$368K
-5.6%

Summary: 89115 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

89115
+1.6%
89086
-2.5%
89156
-3.5%
89081
-5.9%

Housing Supply in 89115, NV

How many homes are available in 89115, NV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
90106+17.8%

Summary: The 89115 real estate market had 106 homes for sale in February 2024, a 17.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 2728
+3.7%
3 3543
+22.9%
4 2329
+26.1%
5+ 55
0.0%

Summary: The 89115 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1726+52.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89115, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 89115 in February 2024, up by 52.9% month-over-month. Of the 26 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.

Days on Market for 89115, NV

How long does it take to sell a home in 89115, NV?

Average Sale Time

Feb 2023Feb 2024CHANGE
59 Days51 Days-12.5%

Summary: Homes in 89115 had an average of 51 days on market in Feb 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89115 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 26 homes were sold in 89115; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 89115, NV

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