Is 89156, 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, 89156 has remained a Seller's Market.
Key Takeaway
89156 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89156, NV
How much do homes in 89156, NV cost?
Median Sold Price
$326,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 89156 have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in 89156 was $326,000 in March 2024, down 3.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $135K | +1.9% |
| 2 Bedrooms | $195K | $231K | +18.5% |
| 3 Bedrooms | $346K | $335K | -3.2% |
| 4 Bedrooms | $382K | $385K | +0.8% |
| 5+ Bedrooms | $419K | $360K | -14.1% |
Summary: 89156 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in 89156, NV
How many homes are available in 89156, NV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 110 | +12.2% |
Summary: The 89156 real estate market had 110 homes for sale in March 2024, a 12.2% 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 | 26 | 27 | +3.8% |
| 3 Bedrooms | 45 | 48 | +6.7% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 89156 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 3.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89156, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in 89156 in March 2024, up by 55.6% month-over-month. Of the 28 sold homes, 32% were sold under asking, 36% were sold at asking, and 32% were sold over asking.
Days on Market for 89156, NV
How long does it take to sell a home in 89156, NV?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 22 Days | -61.1% |
Summary: Homes in 89156 had an average of 22 days on market in Mar 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89156 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 89156; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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.