Is 89061, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89061 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 89061 was a Neutral Market.

Key Takeaway

89061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 89061, NV

How much do homes in 89061, NV cost?

Median Sold Price

$386,105

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,780(+3.1%)

Key Takeaway

Homes in 89061 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 89061 was $386,105 in October 2024, up 3.1% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $390K$169.9K
-56.4%
2 $320K$326.1K
+1.9%
3 $375.5K$389.4K
+3.7%
4 $409.2K$446.5K
+9.1%
5+ $432.5K$491.5K
+13.6%

Summary: 89061 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

89124
+29.1%
89048
+7.9%
89061
+3.1%

Housing Supply in 89061, NV

How many homes are available in 89061, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132149+12.9%

Summary: The 89061 real estate market had 149 homes for sale in October 2024, a 12.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1321
+61.5%
3 8890
+2.3%
4 2430
+25.0%
5+ 78
+14.3%

Summary: The 89061 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 61.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89061, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 89061 in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% were sold over asking.

Days on Market for 89061, NV

How long does it take to sell a home in 89061, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days61 Days+18.2%

Summary: Homes in 89061 had an average of 61 days on market in Oct 2024, up by 18.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89061 has remained consistent over time.

Summary: During October 2024, 16 homes were sold in 89061; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% 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 21 Days Ago

Newest Listings in 89061, NV

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