Is 89081, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89081 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89081 has remained a Seller's Market.

Key Takeaway

89081 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89081, NV

How much do homes in 89081, NV cost?

Median Sold Price

$424,700

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,716(+6.4%)

Key Takeaway

Homes in 89081 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 89081 was $424,700 in October 2024, up 6.4% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $380K$378.9K
-0.3%
3 $380K$401.2K
+5.6%
4 $415K$439K
+5.8%
5+ $439K$490K
+11.6%

Summary: 89081 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Zip Codes

89030
+10.3%
89115
+7.5%
89084
+6.6%
89081
+6.4%
89031
+5.4%

Housing Supply in 89081, NV

How many homes are available in 89081, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
166198+19.3%

Summary: The 89081 real estate market had 198 homes for sale in October 2024, a 19.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1317
+30.8%
3 7580
+6.7%
4 6680
+21.2%
5+ 1221
+75.0%

Summary: The 89081 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 30.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4036-10.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89081, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 89081 in October 2024, down by 10.0% month-over-month. Of the 36 sold homes, 42% were sold under asking, 36% were sold at asking, and 22% were sold over asking.

Days on Market for 89081, NV

How long does it take to sell a home in 89081, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days37 Days+26.3%

Summary: Homes in 89081 had an average of 37 days on market in Oct 2024, up by 26.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89081 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 36 homes were sold in 89081; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% 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

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