Is 89032, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89032 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89032 has remained a Seller's Market.

Key Takeaway

89032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89032, NV

How much do homes in 89032, NV cost?

Median Sold Price

$396,500

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,500(+8.6%)

Key Takeaway

Homes in 89032 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 89032 was $396,500 in October 2024, up 8.6% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$170K
N/A
2 $242.5K$255K
+5.2%
3 $360K$387.9K
+7.8%
4 $392.5K$430K
+9.6%
5+ $425K$460.6K
+8.4%

Summary: 89032 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 5.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Zip Codes

89030
+10.3%
89032
+8.6%
89106
+7.5%
89130
+5.9%
89031
+5.4%

Housing Supply in 89032, NV

How many homes are available in 89032, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
183190+3.8%

Summary: The 89032 real estate market had 190 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 913
+44.4%
3 108115
+6.5%
4 5447
-13.0%
5+ 1215
+25.0%

Summary: The 89032 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 44.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5232-38.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89032, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in 89032 in October 2024, down by 38.5% month-over-month. Of the 32 sold homes, 28% were sold under asking, 38% were sold at asking, and 34% were sold over asking.

Days on Market for 89032, NV

How long does it take to sell a home in 89032, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days25 Days-3.1%

Summary: Homes in 89032 had an average of 25 days on market in Oct 2024, down by 3.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89032 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 89032; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

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