Is 89015, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89015 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 89015 was a Buyer's Market.

Key Takeaway

89015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89015, NV

How much do homes in 89015, NV cost?

Median Sold Price

$425,157

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,893(+6.2%)

Key Takeaway

Homes in 89015 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 89015 was $425,157 in November 2024, up 6.2% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $183K$160K
-12.6%
2 $289K$286.5K
-0.9%
3 $392.7K$419.9K
+6.9%
4 $469.9K$480K
+2.1%
5+ $560K$572K
+2.1%

Summary: 89015 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

89011
+7.6%
89015
+6.2%
89002
+4.7%
89005
-2.2%

Housing Supply in 89015, NV

How many homes are available in 89015, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
352341-3.1%

Summary: The 89015 real estate market had 341 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 4041
+2.5%
3 206192
-6.8%
4 7880
+2.6%
5+ 2727
0.0%

Summary: The 89015 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7960-24.1%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89015, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in 89015 in November 2024, down by 24.1% month-over-month. Of the 60 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for 89015, NV

How long does it take to sell a home in 89015, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days43 Days+28.5%

Summary: Homes in 89015 had an average of 43 days on market in Nov 2024, up by 28.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89015 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 60 homes were sold in 89015; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 12% 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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