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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89032 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 89032 was a Seller's Market.

Key Takeaway

89032 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 89032, NV

How much do homes in 89032, NV cost?

Median Sold Price

$395,742

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,517(+7.2%)

Key Takeaway

Homes in 89032 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 89032 was $395,742 in November 2024, up 7.2% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $170K$171.7K
+1.0%
2 $255K$255K
0.0%
3 $360K$388K
+7.8%
4 $395K$430.4K
+9.0%
5+ $432K$461.8K
+6.9%

Summary: 89032 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

89030
+8.5%
89032
+7.2%
89106
+7.1%
89031
+5.6%
89130
+4.7%

Housing Supply in 89032, NV

How many homes are available in 89032, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
184197+7.1%

Summary: The 89032 real estate market had 197 homes for sale in November 2024, a 7.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 111117
+5.4%
4 4650
+8.7%
5+ 1518
+20.0%

Summary: The 89032 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 remained the same, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3427-20.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 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. 44.4% of homes here sold near the asking price last month.

Summary: A total of 27 homes were sold or pending in 89032 in November 2024, down by 20.6% month-over-month. Of the 27 sold homes, 37% were sold under asking, 44% were sold at asking, and 19% 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

Nov 2023Nov 2024CHANGE
24 Days28 Days+15.4%

Summary: Homes in 89032 had an average of 28 days on market in Nov 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 27 homes were sold in 89032; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% 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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