Is 89501, 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, 89501 has remained a Neutral Market.
Key Takeaway
89501 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 89501, NV
How much do homes in 89501, NV cost?
Median Sold Price
$375,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89501 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 89501 was $375,000 in April 2024, up 5.6% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $320K | -3.0% |
| 2 Bedrooms | $429K | $525K | +22.4% |
| 3 Bedrooms | $670K | $845K | +26.1% |
| 4 Bedrooms | - | $3.2M | N/A |
| 5+ Bedrooms | $2.2M | - | N/A |
Summary: 89501 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 26.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 89501 | $355K | $375K | +5.6% |
| 89509 | $650K | $653.3K | 0.5% |
| 89502 | $400K | $401.6K | 0.4% |
| 89512 | $352.5K | $350K | -0.7% |
| 89503 | $450K | $445K | -1.1% |
Housing Supply in 89501, NV
How many homes are available in 89501, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The 89501 real estate market had 35 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 89501 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 21.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89501, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 89501 in April 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 89501, NV
How long does it take to sell a home in 89501, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 229 Days | 124 Days | -45.7% |
Summary: Homes in 89501 had an average of 124 days on market in Apr 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89501 has remained consistent over time.
Summary: During April 2024, 5 homes were sold in 89501; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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