Is 89169, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 89169 has remained a Seller's Market.
Key Takeaway
89169 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89169, NV
How much do homes in 89169, NV cost?
Median Sold Price
$219,633
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89169 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 89169 was $219,633 in April 2024, down 2.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $177K | +10.6% |
| 2 Bedrooms | $187.5K | $195.5K | +4.3% |
| 3 Bedrooms | $339K | $280K | -17.4% |
| 4 Bedrooms | $410K | $430K | +4.9% |
| 5+ Bedrooms | $462K | $490K | +6.1% |
Summary: 89169 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 89169, NV
How many homes are available in 89169, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 123 | +18.3% |
Summary: The 89169 real estate market had 123 homes for sale in April 2024, a 18.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 40 | +14.3% |
| 2 Bedrooms | 31 | 41 | +32.3% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 89169 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89169, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 89169 in April 2024, up by 57.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for 89169, NV
How long does it take to sell a home in 89169, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 33 Days | -31.0% |
Summary: Homes in 89169 had an average of 33 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 89169 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in 89169; 59% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 5% 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.