Is 89104, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89104 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 89104 has remained a Seller's Market.

Key Takeaway

89104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89104, NV

How much do homes in 89104, NV cost?

Median Sold Price

$369,995

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,995(+5.7%)

Key Takeaway

Homes in 89104 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 89104 was $369,995 in December 2024, up 5.7% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$210K
N/A
2 $210K$223K
+6.2%
3 $355K$365K
+2.8%
4 $375K$392.5K
+4.7%
5+ $433.4K$435K
0.4%

Summary: 89104 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

89169
+20.5%
89109
+10.6%
89121
+9.2%
89104
+5.7%
89101
+5.5%

Housing Supply in 89104, NV

How many homes are available in 89104, NV?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
103109+5.8%

Summary: The 89104 real estate market had 109 homes for sale in December 2024, a 5.8% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1719
+11.8%
3 5049
-2.0%
4 2630
+15.4%
5+ 1011
+10.0%

Summary: The 89104 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89104, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 89104 in December 2024, up by 42.9% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 89104, NV

How long does it take to sell a home in 89104, NV?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days23 Days-7.5%

Summary: Homes in 89104 had an average of 23 days on market in Dec 2024, down by 7.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89104 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 20 homes were sold in 89104; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% 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 2 Days Ago

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