Is 89012, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89012 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89012 has remained a Seller's Market.

Key Takeaway

89012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89012, NV

How much do homes in 89012, NV cost?

Median Sold Price

$530,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,166(+2.2%)

Key Takeaway

Homes in 89012 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 89012 was $530,000 in October 2024, up 2.2% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $343.7K$390K
+13.5%
2 $385K$410K
+6.5%
3 $475K$507.5K
+6.8%
4 $615K$652.5K
+6.1%
5+ $845K$1.2M
+44.4%

Summary: 89012 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 44.4%.

Median Sold Price Compared To Nearby Zip Codes

89052
+8.3%
89015
+6.9%
89074
+6.5%
89014
+2.3%
89012
+2.2%

Housing Supply in 89012, NV

How many homes are available in 89012, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
227237+4.4%

Summary: The 89012 real estate market had 237 homes for sale in October 2024, a 4.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 4953
+8.2%
3 6771
+6.0%
4 5556
+1.8%
5+ 5657
+1.8%

Summary: The 89012 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4850+4.2%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89012, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in 89012 in October 2024, up by 4.2% month-over-month. Of the 50 sold homes, 68% were sold under asking, 26% were sold at asking, and 6% were sold over asking.

Days on Market for 89012, NV

How long does it take to sell a home in 89012, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days36 Days-18.5%

Summary: Homes in 89012 had an average of 36 days on market in Oct 2024, down by 18.5% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in 89012; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

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