Is 89129, 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, 89129 has remained a Seller's Market.
Key Takeaway
89129 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89129, NV
How much do homes in 89129, NV cost?
Median Sold Price
$422,514
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89129 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 89129 was $422,514 in March 2024, down 3% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $224.9K | 0% |
| 2 Bedrooms | $325K | $298.7K | -8.1% |
| 3 Bedrooms | $420K | $395.6K | -5.8% |
| 4 Bedrooms | $500K | $510K | +2.0% |
| 5+ Bedrooms | $620K | $610K | -1.6% |
Summary: 89129 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 89129, NV
How many homes are available in 89129, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 204 | 217 | +6.4% |
Summary: The 89129 real estate market had 217 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 82 | 90 | +9.8% |
| 4 Bedrooms | 68 | 62 | -8.8% |
| 5+ Bedrooms | 30 | 38 | +26.7% |
Summary: The 89129 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 69 | +53.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89129, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in 89129 in March 2024, up by 53.3% month-over-month. Of the 69 sold homes, 54% were sold under asking, 28% were sold at asking, and 19% were sold over asking.
Days on Market for 89129, NV
How long does it take to sell a home in 89129, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 33 Days | -47.4% |
Summary: Homes in 89129 had an average of 33 days on market in Mar 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89129 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 69 homes were sold in 89129; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 12% 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.