Is 89506, 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, 89506 has remained a Seller's Market.
Key Takeaway
89506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89506, NV
How much do homes in 89506, NV cost?
Median Sold Price
$442,830
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 89506 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 89506 was $442,830 in April 2024, up 1.2% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $346.9K | $314.9K | -9.2% |
| 3 Bedrooms | $415K | $430K | +3.6% |
| 4 Bedrooms | $499.9K | $493.2K | -1.3% |
| 5+ Bedrooms | $565K | $514.5K | -8.9% |
Summary: 89506 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Zip Codes
| 89506 | $437.6K | $442.8K | +1.2% |
| 89433 | $410K | $413.4K | +0.9% |
| 89441 | $650K | $650K | 0.0% |
| 89436 | $539.8K | $540K | 0.0% |
| 89512 | $352.5K | $350K | -0.7% |
Housing Supply in 89506, NV
How many homes are available in 89506, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 158 | 162 | +2.5% |
Summary: The 89506 real estate market had 162 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 70 | 77 | +10.0% |
| 4 Bedrooms | 66 | 66 | 0.0% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The 89506 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 53 | +43.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89506, expect to pay close to the asking price. 37.7% of homes here sold near the asking price last month.
Summary: A total of 53 homes were sold or pending in 89506 in April 2024, up by 43.2% month-over-month. Of the 53 sold homes, 32% were sold under asking, 38% were sold at asking, and 30% were sold over asking.
Days on Market for 89506, NV
How long does it take to sell a home in 89506, NV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 73 Days | -10.9% |
Summary: Homes in 89506 had an average of 73 days on market in Apr 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89506 has remained consistent over time.
Summary: During April 2024, 53 homes were sold in 89506; 2% of homes were sold within 30 days, 79% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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