Is 89121, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 89121 has remained a Seller's Market.
Key Takeaway
89121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89121, NV
How much do homes in 89121, NV cost?
Median Sold Price
$335,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89121 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 89121 was $335,000 in March 2024, up 3.5% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $162.5K | -2.1% |
| 2 Bedrooms | $240K | $245.5K | +2.3% |
| 3 Bedrooms | $340K | $344.2K | +1.3% |
| 4 Bedrooms | $390K | $401K | +2.8% |
| 5+ Bedrooms | $445K | $446K | 0.2% |
Summary: 89121 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 89121, NV
How many homes are available in 89121, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 238 | 264 | +10.9% |
Summary: The 89121 real estate market had 264 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 56 | 55 | -1.8% |
| 3 Bedrooms | 115 | 128 | +11.3% |
| 4 Bedrooms | 43 | 56 | +30.2% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The 89121 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 65 | +16.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89121, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in 89121 in March 2024, up by 16.1% month-over-month. Of the 65 sold homes, 38% were sold under asking, 37% were sold at asking, and 25% were sold over asking.
Days on Market for 89121, NV
How long does it take to sell a home in 89121, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -3.0% |
Summary: Homes in 89121 had an average of 49 days on market in Mar 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89121 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 65 homes were sold in 89121; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% 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.