Is 89131, 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, 89131 has remained a Seller's Market.
Housing Prices in 89131, NV
How much do homes in 89131, NV cost?
Median Sold Price
$510,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 89131 was $510,000 in March 2024, up 1.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237K | - | N/A |
2 Bedrooms | $340K | $355K | +4.4% |
3 Bedrooms | $445K | $420K | -5.6% |
4 Bedrooms | $570K | $550K | -3.5% |
5+ Bedrooms | $725K | $780K | +7.6% |
Summary: 89131 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 increased by 4.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in 89131, NV
How many homes are available in 89131, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
210 | 238 | +13.3% |
Summary: The 89131 real estate market had 238 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 83 | 99 | +19.3% |
4 Bedrooms | 81 | 93 | +14.8% |
5+ Bedrooms | 36 | 39 | +8.3% |
Summary: The 89131 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 58 | +34.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in 89131 in March 2024, up by 34.9% month-over-month. Of the 58 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% were sold over asking.
Days on Market for 89131, NV
How long does it take to sell a home in 89131, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 42 Days | -26.2% |
Summary: Homes in 89131 had an average of 42 days on market in Mar 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 58 homes were sold in 89131; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.