$4,572 Closing Credit*
$385,000
1,513 SqFt
2 Beds
•2 Baths
John Larson, Listing Office: RE/MAX Ridge Realty
Is 89027, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 89027 was a Buyer's Market.
Key Takeaway
89027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89027, NV
How much do homes in 89027, NV cost?
Median Sold Price
$349,950
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+2.2%)
Key Takeaway
Homes in 89027 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 89027 was $349,950 in October 2024, up 2.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $120K | +0.8% |
| 2 Bedrooms | $274.4K | $294K | +7.1% |
| 3 Bedrooms | $347.4K | $361.4K | +4.0% |
| 4 Bedrooms | $379.9K | $359.9K | -5.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 89027 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes did not change.
Housing Supply in 89027, NV
How many homes are available in 89027, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The 89027 real estate market had 44 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 89027 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 decreased by 11.8%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89027, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 89027 in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 89027, NV
How long does it take to sell a home in 89027, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 46 Days | -46.6% |
Summary: Homes in 89027 had an average of 46 days on market in Oct 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89027 has remained consistent over time.
Summary: During October 2024, 10 homes were sold in 89027; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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.