Is 89178, 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, 89178 has remained a Seller's Market.
Key Takeaway
89178 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89178, NV
How much do homes in 89178, NV cost?
Median Sold Price
$450,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89178 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 89178 was $450,000 in April 2024, down 4.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $334K | +1.2% |
| 3 Bedrooms | $440K | $430K | -2.3% |
| 4 Bedrooms | $515K | $515K | 0.0% |
| 5+ Bedrooms | $620K | $620K | 0.0% |
Summary: 89178 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 1.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 89178, NV
How many homes are available in 89178, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 144 | 155 | +7.6% |
Summary: The 89178 real estate market had 155 homes for sale in April 2024, a 7.6% increase 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 | 11 | 13 | +18.2% |
| 3 Bedrooms | 69 | 71 | +2.9% |
| 4 Bedrooms | 53 | 59 | +11.3% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 89178 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 increased by 18.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 49 | +25.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89178, you may be able to get a good deal. 40.8% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in 89178 in April 2024, up by 25.6% month-over-month. Of the 49 sold homes, 41% were sold under asking, 31% were sold at asking, and 29% were sold over asking.
Days on Market for 89178, NV
How long does it take to sell a home in 89178, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 22 Days | -58.8% |
Summary: Homes in 89178 had an average of 22 days on market in Apr 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89178 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 49 homes were sold in 89178; 82% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% 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.