Is 89110, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89110 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89110 has remained a Seller's Market.

Key Takeaway

89110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89110, NV

How much do homes in 89110, NV cost?

Median Sold Price

$355,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+6.0%)

Key Takeaway

Homes in 89110 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 89110 was $355,000 in October 2024, up 6% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $129.5K$149K
+15.1%
2 $210K$220K
+4.8%
3 $339K$355K
+4.7%
4 $398K$409K
+2.8%
5+ $552.5K$607K
+9.9%

Summary: 89110 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

89156
+7.6%
89142
+7.6%
89104
+7.4%
89101
+6.7%
89110
+6.0%

Housing Supply in 89110, NV

How many homes are available in 89110, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
181205+13.3%

Summary: The 89110 real estate market had 205 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 3735
-5.4%
3 7998
+24.1%
4 4550
+11.1%
5+ 1617
+6.3%

Summary: The 89110 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2643+65.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89110, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 89110 in October 2024, up by 65.4% month-over-month. Of the 43 sold homes, 40% were sold under asking, 28% were sold at asking, and 33% were sold over asking.

Days on Market for 89110, NV

How long does it take to sell a home in 89110, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days32 Days+16.2%

Summary: Homes in 89110 had an average of 32 days on market in Oct 2024, up by 16.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89110 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 43 homes were sold in 89110; 65% of homes were sold within 30 days, 30% 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 14 Days Ago

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