$10,000 Closing Credit*
$945,000
2,331 SqFt
4 Beds
•2 Full Baths
Alla Margaryan, Listing Office: Vegas Realty Experts
Is 89117, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 89117 was a Seller's Market.
Key Takeaway
89117 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 89117, NV
How much do homes in 89117, NV cost?
Median Sold Price
$509,972
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$63,172(+14.1%)
Key Takeaway
Homes in 89117 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 89117 was $509,972 in October 2024, up 14.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $190K | -3.6% |
| 2 Bedrooms | $255.4K | $265K | +3.7% |
| 3 Bedrooms | $435K | $475K | +9.2% |
| 4 Bedrooms | $569.8K | $647K | +13.5% |
| 5+ Bedrooms | $972.5K | $1.0M | +10.5% |
Summary: 89117 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 89117, NV
How many homes are available in 89117, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 255 | 266 | +4.3% |
Summary: The 89117 real estate market had 266 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 46 | 44 | -4.3% |
| 3 Bedrooms | 87 | 90 | +3.4% |
| 4 Bedrooms | 74 | 83 | +12.2% |
| 5+ Bedrooms | 43 | 42 | -2.3% |
Summary: The 89117 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 37 | -33.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89117, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 89117 in October 2024, down by 33.9% month-over-month. Of the 37 sold homes, 65% were sold under asking, 22% were sold at asking, and 14% were sold over asking.
Days on Market for 89117, NV
How long does it take to sell a home in 89117, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 28 Days | +26.9% |
Summary: Homes in 89117 had an average of 28 days on market in Oct 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89117 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 89117; 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.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.