Is 89166, 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, 89166 has remained a Seller's Market.
Housing Prices in 89166, NV
How much do homes in 89166, NV cost?
Median Sold Price
$469,900
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 89166 was $469,900 in March 2024, down 4.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $195.2K | 0.1% |
2 Bedrooms | $254K | $230K | -9.4% |
3 Bedrooms | $460K | $439.7K | -4.4% |
4 Bedrooms | $533K | $509.4K | -4.4% |
5+ Bedrooms | $604.9K | $700K | +15.7% |
Summary: 89166 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in 89166, NV
How many homes are available in 89166, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
168 | 179 | +6.5% |
Summary: The 89166 real estate market had 179 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 83 | 90 | +8.4% |
4 Bedrooms | 66 | 69 | +4.5% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 89166 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 remained the same, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 60 | +71.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 89166 in March 2024, up by 71.4% month-over-month. Of the 60 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% were sold over asking.
Days on Market for 89166, NV
How long does it take to sell a home in 89166, NV?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 46 Days | -26.0% |
Summary: Homes in 89166 had an average of 46 days on market in Mar 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in 89166; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.