Is 89161, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 89161 was a Seller's Market.
Key Takeaway
89161 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 89161, NV
How much do homes in 89161, NV cost?
Median Sold Price
$504,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89161 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 89161 was $504,000 in April 2024, up 4.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | $469K | +11.7% |
| 3 Bedrooms | $468.8K | $507.8K | +8.3% |
| 4 Bedrooms | $474.1K | $492.3K | +3.8% |
| 5+ Bedrooms | $519.4K | $506.9K | -2.4% |
Summary: 89161 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 89161, NV
How many homes are available in 89161, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 49 | -19.7% |
Summary: The 89161 real estate market had 49 homes for sale in April 2024, a 19.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 17 | -32.0% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 89161 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89161, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 89161 in April 2024, down by 46.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for 89161, NV
How long does it take to sell a home in 89161, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 35 Days | -41.3% |
Summary: Homes in 89161 had an average of 35 days on market in Apr 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 89161 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 89161; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.