Is 89122, 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, 89122 has remained a Seller's Market.
Housing Prices in 89122, NV
How much do homes in 89122, NV cost?
Median Sold Price
$340,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 89122 was $340,000 in March 2024, down 0.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $170.7K | 0.4% |
2 Bedrooms | $255K | $249.5K | -2.2% |
3 Bedrooms | $350K | $346K | -1.1% |
4 Bedrooms | $395.7K | $366.5K | -7.4% |
5+ Bedrooms | $435K | $417.5K | -4.0% |
Summary: 89122 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 4%.
Housing Supply in 89122, NV
How many homes are available in 89122, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
173 | 188 | +8.7% |
Summary: The 89122 real estate market had 188 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 42 | 43 | +2.4% |
3 Bedrooms | 97 | 105 | +8.2% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 89122 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 49 | -7.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 89122 in March 2024, down by 7.5% month-over-month. Of the 49 sold homes, 33% were sold under asking, 39% were sold at asking, and 29% were sold over asking.
Days on Market for 89122, NV
How long does it take to sell a home in 89122, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 36 Days | -39.4% |
Summary: Homes in 89122 had an average of 36 days on market in Mar 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in 89122; 61% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.