$3,266 Closing Credit*
$275,000
1,199 SqFt
3 Beds
•2 Full Baths
Basilio Rodriguez, Listing Office: Keller Williams Realty Las Veg
Is 89118, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 89118 was a Seller's Market.
Key Takeaway
89118 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 89118, NV
How much do homes in 89118, NV cost?
Median Sold Price
$352,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$13,000(+3.8%)
Key Takeaway
Homes in 89118 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 89118 was $352,000 in December 2024, up 3.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $210K | +5.5% |
| 2 Bedrooms | $262.4K | $279.8K | +6.6% |
| 3 Bedrooms | $352K | $373.5K | +6.1% |
| 4 Bedrooms | $550K | $595K | +8.2% |
| 5+ Bedrooms | $705K | $720K | +2.1% |
Summary: 89118 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 89118, NV
How many homes are available in 89118, NV?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 123 | 117 | -4.9% |
Summary: The 89118 real estate market had 117 homes for sale in December 2024, a 4.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 38 | 33 | -13.2% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The 89118 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 89118, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 89118 in December 2024, down by 24.0% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for 89118, NV
How long does it take to sell a home in 89118, NV?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 35 Days | 62 Days | +79.0% |
Summary: Homes in 89118 had an average of 62 days on market in Dec 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89118 has remained consistent over time.
Summary: During December 2024, 19 homes were sold in 89118; 21% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 16% 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.