Is 89113, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89113 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 89113 has remained a Seller's Market.

Key Takeaway

89113 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89113, NV

How much do homes in 89113, NV cost?

Median Sold Price

$512,300

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$57,805(+12.7%)

Key Takeaway

Homes in 89113 have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in 89113 was $512,300 in December 2024, up 12.7% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $205K$216K
+5.4%
2 $276.2K$283K
+2.4%
3 $417.2K$483.1K
+15.8%
4 $536K$617.5K
+15.2%
5+ $595K$820K
+37.8%

Summary: 89113 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 37.8%.

Median Sold Price Compared To Nearby Zip Codes

89113
+12.7%
89139
+10.2%
89148
+9.8%
89178
+4.5%
89118
+3.8%

Housing Supply in 89113, NV

How many homes are available in 89113, NV?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
222228+2.7%

Summary: The 89113 real estate market had 228 homes for sale in December 2024, a 2.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1012
+20.0%
2 5354
+1.9%
3 8986
-3.4%
4 4349
+14.0%
5+ 2727
0.0%

Summary: The 89113 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
42420.0%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89113, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 89113 in December 2024, the same as the previous month. Of the 42 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.

Days on Market for 89113, NV

How long does it take to sell a home in 89113, NV?

Average Sale Time

Dec 2023Dec 2024CHANGE
39 Days43 Days+10.8%

Summary: Homes in 89113 had an average of 43 days on market in Dec 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89113 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 42 homes were sold in 89113; 55% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 19% 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 4 Days Ago

Newest Listings in 89113, NV

Nearby Markets to 89113, NV