Is 89403, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 89403 has remained a Seller's Market.
Key Takeaway
89403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89403, NV
How much do homes in 89403, NV cost?
Median Sold Price
$453,750
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 89403 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 89403 was $453,750 in May 2024, up 3.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | - | N/A |
| 2 Bedrooms | $383.5K | $380K | -0.9% |
| 3 Bedrooms | $415K | $425K | +2.4% |
| 4 Bedrooms | $489.9K | $510K | +4.1% |
| 5+ Bedrooms | $575.5K | $544.9K | -5.3% |
Summary: 89403 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Zip Codes
| 89403 | $440K | $453.7K | +3.1% |
| 89521 | $647.9K | $660K | +1.9% |
| 89706 | $425K | $429.9K | +1.2% |
Housing Supply in 89403, NV
How many homes are available in 89403, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 113 | +32.9% |
Summary: The 89403 real estate market had 113 homes for sale in May 2024, a 32.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 45 | 58 | +28.9% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 89403 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 32 | +68.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89403, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 89403 in May 2024, up by 68.4% month-over-month. Of the 32 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for 89403, NV
How long does it take to sell a home in 89403, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 75 Days | -13.8% |
Summary: Homes in 89403 had an average of 75 days on market in May 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89403 has remained consistent over time.
Summary: During May 2024, 32 homes were sold in 89403; 6% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.