Is 89148, 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, 89148 has remained a Seller's Market.
Key Takeaway
89148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89148, NV
How much do homes in 89148, NV cost?
Median Sold Price
$473,750
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 89148 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 89148 was $473,750 in May 2024, up 3.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $215K | +1.2% |
| 2 Bedrooms | $340K | $380K | +11.8% |
| 3 Bedrooms | $440K | $435K | -1.1% |
| 4 Bedrooms | $505K | $505K | 0.0% |
| 5+ Bedrooms | $599K | $685K | +14.4% |
Summary: 89148 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.4%.
Housing Supply in 89148, NV
How many homes are available in 89148, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 200 | 211 | +5.5% |
Summary: The 89148 real estate market had 211 homes for sale in May 2024, a 5.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 87 | 81 | -6.9% |
| 4 Bedrooms | 63 | 74 | +17.5% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 89148 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 48 | -27.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89148, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 89148 in May 2024, down by 27.3% month-over-month. Of the 48 sold homes, 44% were sold under asking, 15% were sold at asking, and 42% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 17 Days | -59.7% |
Summary: Homes in 89148 had an average of 17 days on market in May 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89148 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in 89148; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.