Is 89503, 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, 89503 has remained a Seller's Market.
Key Takeaway
89503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89503, NV
How much do homes in 89503, NV cost?
Median Sold Price
$445,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89503 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 89503 was $445,000 in April 2024, down 1.1% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $199K | +5.0% |
| 2 Bedrooms | $390K | $365K | -6.4% |
| 3 Bedrooms | $458K | $456.2K | -0.4% |
| 4 Bedrooms | $535K | $536.5K | 0.3% |
| 5+ Bedrooms | $550K | $573.7K | +4.3% |
Summary: 89503 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Zip Codes
| 89501 | $355K | $375K | +5.6% |
| 89523 | $610K | $614.6K | +0.8% |
| 89509 | $650K | $653.3K | 0.5% |
| 89512 | $352.5K | $350K | -0.7% |
| 89503 | $450K | $445K | -1.1% |
Housing Supply in 89503, NV
How many homes are available in 89503, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 98 | +34.2% |
Summary: The 89503 real estate market had 98 homes for sale in April 2024, a 34.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 11 | +83.3% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 29 | 42 | +44.8% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 89503 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 44.8%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 32 | +255.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89503, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in 89503 in April 2024, up by 255.6% month-over-month. Of the 32 sold homes, 28% were sold under asking, 38% were sold at asking, and 34% were sold over asking.
Days on Market for 89503, NV
How long does it take to sell a home in 89503, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 57 Days | -27.4% |
Summary: Homes in 89503 had an average of 57 days on market in Apr 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89503 has remained consistent over time.
Summary: During April 2024, 32 homes were sold in 89503; 22% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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