Is 89074, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89074 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89074 has remained a Seller's Market.

Key Takeaway

89074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89074, NV

How much do homes in 89074, NV cost?

Median Sold Price

$473,755

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,755(+6.5%)

Key Takeaway

Homes in 89074 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 89074 was $473,755 in October 2024, up 6.5% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $221.2K$218K
-1.5%
2 $302.5K$315K
+4.1%
3 $425K$441.5K
+3.9%
4 $535.5K$562K
+4.9%
5+ $640K$717.5K
+12.1%

Summary: 89074 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Zip Codes

89120
+8.6%
89074
+6.5%
89123
+4.0%
89014
+2.3%
89012
+2.2%

Housing Supply in 89074, NV

How many homes are available in 89074, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
253278+9.9%

Summary: The 89074 real estate market had 278 homes for sale in October 2024, a 9.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 46
+50.0%
2 3138
+22.6%
3 105119
+13.3%
4 7579
+5.3%
5+ 3836
-5.3%

Summary: The 89074 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
55550.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89074, you may be able to get a good deal. 47.3% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 89074 in October 2024, the same as the previous month. Of the 55 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.

Days on Market for 89074, NV

How long does it take to sell a home in 89074, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days34 Days+24.3%

Summary: Homes in 89074 had an average of 34 days on market in Oct 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89074 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 55 homes were sold in 89074; 55% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

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