Is 89118, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 89118 has remained a Seller's Market.
Housing Prices in 89118, NV
How much do homes in 89118, NV cost?
Median Sold Price
$340,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 89118 was $340,000 in April 2024, up 5.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.5K | $201K | +2.3% |
2 Bedrooms | $267.5K | $270K | +0.9% |
3 Bedrooms | $351K | $352K | 0.3% |
4 Bedrooms | $572K | $558.5K | -2.4% |
5+ Bedrooms | $640K | $747.5K | +16.8% |
Summary: 89118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in 89118, NV
How many homes are available in 89118, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 119 | -7.0% |
Summary: The 89118 real estate market had 119 homes for sale in April 2024, a 7.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 18 | +28.6% |
2 Bedrooms | 43 | 36 | -16.3% |
3 Bedrooms | 34 | 27 | -20.6% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 89118 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 89118 in April 2024, up by 9.4% month-over-month. Of the 35 sold homes, 66% were sold under asking, 11% were sold at asking, and 23% were sold over asking.
Days on Market for 89118, NV
How long does it take to sell a home in 89118, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 23 Days | -35.9% |
Summary: Homes in 89118 had an average of 23 days on market in Apr 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 89118; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.