Is 89131, 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, 89131 has remained a Seller's Market.
Housing Prices in 89131, NV
How much do homes in 89131, NV cost?
Median Sold Price
$510,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 89131 was $510,000 in April 2024, up 2.4% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238K | - | N/A |
2 Bedrooms | $337.5K | $355K | +5.2% |
3 Bedrooms | $441.8K | $421.3K | -4.6% |
4 Bedrooms | $551.3K | $558K | +1.2% |
5+ Bedrooms | $729.9K | $780K | +6.9% |
Summary: 89131 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 increased by 5.2%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 89131, NV
How many homes are available in 89131, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
231 | 249 | +7.8% |
Summary: The 89131 real estate market had 249 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 98 | 104 | +6.1% |
4 Bedrooms | 88 | 88 | 0.0% |
5+ Bedrooms | 38 | 48 | +26.3% |
Summary: The 89131 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 76 | +33.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in 89131 in April 2024, up by 33.3% month-over-month. Of the 76 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for 89131, NV
How long does it take to sell a home in 89131, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 28 Days | -52.4% |
Summary: Homes in 89131 had an average of 28 days on market in Apr 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 76 homes were sold in 89131; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.