Is 89431, 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, 89431 has remained a Seller's Market.
Housing Prices in 89431, NV
How much do homes in 89431, NV cost?
Median Sold Price
$384,975
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 89431 was $384,975 in March 2024, up 1.3% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.5K | $171K | -9.8% |
2 Bedrooms | $280K | $300K | +7.1% |
3 Bedrooms | $397K | $390K | -1.8% |
4 Bedrooms | $452.5K | $435.5K | -3.8% |
5+ Bedrooms | $451.5K | $479K | +6.1% |
Summary: 89431 housing prices by bedroom type for March 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 decreased by 1.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Zip Codes
89512 | $349.9K | $355K | +1.5% |
89431 | $379.9K | $384.9K | +1.3% |
89502 | $400K | $402.1K | 0.5% |
89436 | $544.9K | $540.1K | -0.9% |
89433 | $415K | $410K | -1.2% |
Housing Supply in 89431, NV
How many homes are available in 89431, NV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 80 | +14.3% |
Summary: The 89431 real estate market had 80 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 21 | 27 | +28.6% |
3 Bedrooms | 35 | 35 | 0.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 89431 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 89431 in March 2024, the same as the previous month. Of the 18 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 82 Days | -8.2% |
Summary: Homes in 89431 had an average of 82 days on market in Mar 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 89431; 6% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.