Is 89117, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 89117 has remained a Seller's Market.
Housing Prices in 89117, NV
How much do homes in 89117, NV cost?
Median Sold Price
$460,600
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 89117 was $460,600 in February 2024, down 3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $194K | -4.2% |
2 Bedrooms | $260K | $268K | +3.1% |
3 Bedrooms | $460K | $440.1K | -4.3% |
4 Bedrooms | $585K | $635K | +8.5% |
5+ Bedrooms | $947.5K | $951.9K | 0.5% |
Summary: 89117 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 89117, NV
How many homes are available in 89117, NV?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
185 | 199 | +7.6% |
Summary: The 89117 real estate market had 199 homes for sale in February 2024, a 7.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 11 | +57.1% |
2 Bedrooms | 37 | 47 | +27.0% |
3 Bedrooms | 44 | 47 | +6.8% |
4 Bedrooms | 64 | 55 | -14.1% |
5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The 89117 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 89117 in February 2024, down by 10.0% month-over-month. Of the 36 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for 89117, NV
How long does it take to sell a home in 89117, NV?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
60 Days | 39 Days | -34.8% |
Summary: Homes in 89117 had an average of 39 days on market in Feb 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 36 homes were sold in 89117; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.