Is 89014, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89014 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 89014 was a Seller's Market.

Key Takeaway

89014 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 89014, NV

How much do homes in 89014, NV cost?

Median Sold Price

$418,833

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,333(+2.3%)

Key Takeaway

Homes in 89014 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 89014 was $418,833 in October 2024, up 2.3% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $201.2K$210K
+4.3%
2 $255K$274K
+7.5%
3 $412K$420K
+1.9%
4 $496K$535K
+7.9%
5+ $605K$561.5K
-7.2%

Summary: 89014 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

89120
+8.6%
89074
+6.5%
89122
+6.1%
89014
+2.3%
89012
+2.2%

Housing Supply in 89014, NV

How many homes are available in 89014, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
174173-0.6%

Summary: The 89014 real estate market had 173 homes for sale in October 2024, a 0.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 4044
+10.0%
3 6858
-14.7%
4 4652
+13.0%
5+ 1515
0.0%

Summary: The 89014 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3826-31.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89014, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 89014 in October 2024, down by 31.6% month-over-month. Of the 26 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 89014, NV

How long does it take to sell a home in 89014, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days28 Days-4.2%

Summary: Homes in 89014 had an average of 28 days on market in Oct 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89014 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 89014; 69% of homes were sold within 30 days, 23% 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 20 Days Ago

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