Is 89431, 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, 89431 has remained a Seller's Market.
Key Takeaway
89431 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89431, NV
How much do homes in 89431, NV cost?
Median Sold Price
$385,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89431 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 89431 was $385,000 in April 2024, up 1.9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $171K | -9.8% |
| 2 Bedrooms | $280K | $299.9K | +7.1% |
| 3 Bedrooms | $387.5K | $390.5K | +0.8% |
| 4 Bedrooms | $450K | $436K | -3.1% |
| 5+ Bedrooms | $453K | $487K | +7.5% |
Summary: 89431 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Zip Codes
| 89431 | $378K | $385K | +1.9% |
| 89433 | $410K | $413.4K | +0.9% |
| 89502 | $400K | $401.6K | 0.4% |
| 89436 | $539.8K | $540K | 0.0% |
| 89512 | $352.5K | $350K | -0.7% |
Housing Supply in 89431, NV
How many homes are available in 89431, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 86 | +4.9% |
Summary: The 89431 real estate market had 86 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 26 | 31 | +19.2% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 89431 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 19.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89431, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 89431 in April 2024, the same as the previous month. Of the 22 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 89431, NV
How long does it take to sell a home in 89431, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 66 Days | -11.8% |
Summary: Homes in 89431 had an average of 66 days on market in Apr 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89431 has remained consistent over time.
Summary: During April 2024, 22 homes were sold in 89431; 9% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.