Is 89148, 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, 89148 has remained a Seller's Market.
Key Takeaway
89148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89148, NV
How much do homes in 89148, NV cost?
Median Sold Price
$465,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89148 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 89148 was $465,000 in March 2024, down 1.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $215K | 0.0% |
| 2 Bedrooms | $365K | $365K | 0.0% |
| 3 Bedrooms | $446.8K | $430K | -3.8% |
| 4 Bedrooms | $525K | $494.5K | -5.8% |
| 5+ Bedrooms | $599K | $680K | +13.5% |
Summary: 89148 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 did not change, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 89148, NV
How many homes are available in 89148, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 186 | 186 | 0.0% |
Summary: The 89148 real estate market had 186 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 74 | 73 | -1.4% |
| 4 Bedrooms | 61 | 65 | +6.6% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The 89148 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 8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 51 | -22.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89148, you may be able to get a good deal. 60.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 89148 in March 2024, down by 22.7% month-over-month. Of the 51 sold homes, 61% were sold under asking, 27% were sold at asking, and 12% were sold over asking.
Days on Market for 89148, NV
How long does it take to sell a home in 89148, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 32 Days | -50.8% |
Summary: Homes in 89148 had an average of 32 days on market in Mar 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89148 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 51 homes were sold in 89148; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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.