$5,521 Closing Credit*
$464,900
3,064 SqFt
4 Beds
•3 Full Baths
Richard J. Brenkus, Listing Office: Keller Williams MarketPlace
Is 89031, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 89031 has remained a Seller's Market.
Key Takeaway
89031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89031, NV
How much do homes in 89031, NV cost?
Median Sold Price
$405,746
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,746(+5.4%)
Key Takeaway
Homes in 89031 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 89031 was $405,746 in October 2024, up 5.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $298.9K | $315K | +5.4% |
| 3 Bedrooms | $372K | $390K | +4.8% |
| 4 Bedrooms | $410K | $430K | +4.9% |
| 5+ Bedrooms | $465K | $487.5K | +4.8% |
Summary: 89031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 89031, NV
How many homes are available in 89031, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 298 | 341 | +14.4% |
Summary: The 89031 real estate market had 341 homes for sale in October 2024, a 14.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 155 | 174 | +12.3% |
| 4 Bedrooms | 99 | 116 | +17.2% |
| 5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The 89031 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 10.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 72 | +22.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89031, expect to pay close to the asking price. 47.2% of homes here sold near the asking price last month.
Summary: A total of 72 homes were sold or pending in 89031 in October 2024, up by 22.0% month-over-month. Of the 72 sold homes, 32% were sold under asking, 47% were sold at asking, and 21% were sold over asking.
Days on Market for 89031, NV
How long does it take to sell a home in 89031, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +8.0% |
Summary: Homes in 89031 had an average of 26 days on market in Oct 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 72 homes were sold in 89031; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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.