Is 89138, 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, 89138 has remained a Seller's Market.
Key Takeaway
89138 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89138, NV
How much do homes in 89138, NV cost?
Median Sold Price
$750,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89138 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 89138 was $750,000 in March 2024, up 2.4% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $472.2K | $500K | +5.9% |
| 3 Bedrooms | $625K | $632.9K | +1.3% |
| 4 Bedrooms | $845K | $865.8K | +2.5% |
| 5+ Bedrooms | $1.0M | $1.1M | +17.1% |
Summary: 89138 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 5.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in 89138, NV
How many homes are available in 89138, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 152 | 163 | +7.2% |
Summary: The 89138 real estate market had 163 homes for sale in March 2024, a 7.2% 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 | 11 | 15 | +36.4% |
| 3 Bedrooms | 64 | 66 | +3.1% |
| 4 Bedrooms | 64 | 64 | 0.0% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 89138 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 increased by 36.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89138, you may be able to get a good deal. 77.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 89138 in March 2024, down by 18.6% month-over-month. Of the 35 sold homes, 77% were sold under asking, 14% were sold at asking, and 9% were sold over asking.
Days on Market for 89138, NV
How long does it take to sell a home in 89138, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 43 Days | -16.5% |
Summary: Homes in 89138 had an average of 43 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89138 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 89138; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% 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.