$59,000
0.53 Acres
Land
Sarah Chapman, Listing Office: Nevada Realty
Is 89048, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 89048 was a Seller's Market.
Key Takeaway
89048 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 89048, NV
How much do homes in 89048, NV cost?
Median Sold Price
$378,625
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,625(+6.7%)
Key Takeaway
Homes in 89048 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 89048 was $378,625 in November 2024, up 6.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $150K | -17.8% |
| 2 Bedrooms | $265K | $290K | +9.4% |
| 3 Bedrooms | $350K | $360K | +2.9% |
| 4 Bedrooms | $440K | $469K | +6.6% |
| 5+ Bedrooms | $449.9K | $612K | +36.0% |
Summary: 89048 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 36%.
Housing Supply in 89048, NV
How many homes are available in 89048, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 150 | 149 | -0.7% |
Summary: The 89048 real estate market had 149 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 86 | 85 | -1.2% |
| 4 Bedrooms | 36 | 34 | -5.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 89048 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 11 | -54.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 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. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 89048 in November 2024, down by 54.2% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 70 Days | +12.3% |
Summary: Homes in 89048 had an average of 70 days on market in Nov 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89048 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 89048; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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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