Is 89102, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89102 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 89102 was a Seller's Market.

Key Takeaway

89102 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 89102, NV

How much do homes in 89102, NV cost?

Median Sold Price

$384,500

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,500(+5.1%)

Key Takeaway

Homes in 89102 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 89102 was $384,500 in October 2024, up 5.1% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $331.5K$304.5K
-8.1%
2 $265K$287.2K
+8.4%
3 $423.5K$392.5K
-7.3%
4 $397K$455K
+14.6%
5+ $560K$630K
+12.5%

Summary: 89102 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

89107
+9.1%
89106
+7.5%
89102
+5.1%
89109
+4.8%
89146
+3.1%

Housing Supply in 89102, NV

How many homes are available in 89102, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
127142+11.8%

Summary: The 89102 real estate market had 142 homes for sale in October 2024, a 11.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 86
-25.0%
2 4146
+12.2%
3 4653
+15.2%
4 2425
+4.2%
5+ 812
+50.0%

Summary: The 89102 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89102, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 89102 in October 2024, up by 10.5% month-over-month. Of the 21 sold homes, 67% were sold under asking, 24% were sold at asking, and 10% were sold over asking.

Days on Market for 89102, NV

How long does it take to sell a home in 89102, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days45 Days+90.1%

Summary: Homes in 89102 had an average of 45 days on market in Oct 2024, up by 90.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89102 has remained consistent over time.

Summary: During October 2024, 21 homes were sold in 89102; 43% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 10% 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

Newest Listings in 89102, NV

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