Is 89110, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 89110 has remained a Seller's Market.
Housing Prices in 89110, NV
How much do homes in 89110, NV cost?
Median Sold Price
$350,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 89110 was $350,000 in May 2024, up 5.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $129.9K | -5.5% |
2 Bedrooms | $208.9K | $222K | +6.2% |
3 Bedrooms | $340K | $350K | +2.9% |
4 Bedrooms | $394.7K | $420K | +6.4% |
5+ Bedrooms | $560K | $558.5K | -0.3% |
Summary: 89110 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in 89110, NV
How many homes are available in 89110, NV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
169 | 170 | +0.6% |
Summary: The 89110 real estate market had 170 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 66 | 70 | +6.1% |
4 Bedrooms | 50 | 47 | -6.0% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The 89110 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 37 | -21.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 89110 in May 2024, down by 21.3% month-over-month. Of the 37 sold homes, 24% were sold under asking, 27% were sold at asking, and 49% were sold over asking.
Days on Market for 89110, NV
How long does it take to sell a home in 89110, NV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 23 Days | -39.8% |
Summary: Homes in 89110 had an average of 23 days on market in May 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in 89110; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.