$12,000
0.46 Acres
Land
Mathew Berg, Listing Office: USRealty.com, LLP
Is 89048, 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, 89048 was a Seller's Market.
Key Takeaway
89048 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 89048, NV
How much do homes in 89048, NV cost?
Median Sold Price
$379,900
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,822(+7.9%)
Key Takeaway
Homes in 89048 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 89048 was $379,900 in October 2024, up 7.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $150K | -17.8% |
| 2 Bedrooms | $265K | $292.5K | +10.4% |
| 3 Bedrooms | $349.9K | $360K | +2.9% |
| 4 Bedrooms | $430K | $469.9K | +9.3% |
| 5+ Bedrooms | $455.7K | $579K | +27.1% |
Summary: 89048 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 27.1%.
Housing Supply in 89048, NV
How many homes are available in 89048, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 157 | +12.1% |
Summary: The 89048 real estate market had 157 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 76 | 91 | +19.7% |
| 4 Bedrooms | 38 | 37 | -2.6% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 89048 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 remained the same, 3 bedroom homes increased by 19.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 89048, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 89048 in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 67% were sold under asking, 29% were sold at asking, and 4% were sold over asking.
Days on Market for 89048, NV
How long does it take to sell a home in 89048, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 58 Days | -8.6% |
Summary: Homes in 89048 had an average of 58 days on market in Oct 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89048 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 89048; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% 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. 
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