Is 89148, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89148 is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 89148 was a Seller's Market.

Key Takeaway

89148 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 89148, NV

How much do homes in 89148, NV cost?

Median Sold Price

$488,900

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$39,125(+8.7%)

Key Takeaway

Homes in 89148 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 89148 was $488,900 in September 2024, up 8.7% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $215K$229.9K
+6.9%
2 $365K$400K
+9.6%
3 $425K$441.6K
+3.9%
4 $485K$518K
+6.8%
5+ $599K$688K
+14.9%

Summary: 89148 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Zip Codes

89113
+13.6%
89148
+8.7%
89147
+6.5%
89178
+2.2%

Housing Supply in 89148, NV

How many homes are available in 89148, NV?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
253255+0.8%

Summary: The 89148 real estate market had 255 homes for sale in September 2024, a 0.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 35
+66.7%
2 3232
0.0%
3 98103
+5.1%
4 9286
-6.5%
5+ 2829
+3.6%

Summary: The 89148 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 3.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6338-39.7%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89148, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 89148 in September 2024, down by 39.7% month-over-month. Of the 38 sold homes, 63% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for 89148, NV

How long does it take to sell a home in 89148, NV?

Average Sale Time

Sep 2023Sep 2024CHANGE
30 Days32 Days+5.7%

Summary: Homes in 89148 had an average of 32 days on market in Sep 2024, up by 5.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89148 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 38 homes were sold in 89148; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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