Is 89120, 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, 89120 has remained a Seller's Market.
Key Takeaway
89120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89120, NV
How much do homes in 89120, NV cost?
Median Sold Price
$361,600
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89120 have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in 89120 was $361,600 in April 2024, down 5.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.2K | $173.3K | +4.3% |
| 2 Bedrooms | $223K | $229.9K | +3.1% |
| 3 Bedrooms | $365K | $361.6K | -0.9% |
| 4 Bedrooms | $466.4K | $490K | +5.0% |
| 5+ Bedrooms | $937.5K | $550K | -41.3% |
Summary: 89120 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 41.3%.
Housing Supply in 89120, NV
How many homes are available in 89120, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 155 | +17.4% |
Summary: The 89120 real estate market had 155 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 33 | 40 | +21.2% |
| 3 Bedrooms | 40 | 50 | +25.0% |
| 4 Bedrooms | 35 | 40 | +14.3% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The 89120 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 43 | +38.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89120, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 89120 in April 2024, up by 38.7% month-over-month. Of the 43 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for 89120, NV
How long does it take to sell a home in 89120, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 51 Days | -4.4% |
Summary: Homes in 89120 had an average of 51 days on market in Apr 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89120 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 43 homes were sold in 89120; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% 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.