$4,619 Closing Credit*
$389,000
1,246 SqFt
3 Beds
•2 Full Baths
Nicole Sanzone, Listing Office: ERA Brokers Consolidated
Is 89031, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$408,568
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,710(+5.6%)
Key Takeaway
Homes in 89031 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 89031 was $408,568 in November 2024, up 5.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.9K | $316K | +5.4% |
| 3 Bedrooms | $373.6K | $390.2K | +4.4% |
| 4 Bedrooms | $410K | $431.1K | +5.2% |
| 5+ Bedrooms | $465K | $500K | +7.5% |
Summary: 89031 housing prices by bedroom type for November 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 4.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 89031, NV
How many homes are available in 89031, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 332 | 312 | -6.0% |
Summary: The 89031 real estate market had 312 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 169 | 156 | -7.7% |
| 4 Bedrooms | 113 | 107 | -5.3% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The 89031 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 decreased by 9.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 53 | -30.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89031, you may be able to get a good deal. 37.7% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in 89031 in November 2024, down by 30.3% month-over-month. Of the 53 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 25 Days | -28.8% |
Summary: Homes in 89031 had an average of 25 days on market in Nov 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 53 homes were sold in 89031; 77% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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.