$4,334 Closing Credit*
$365,000
1,530 SqFt
3 Beds
•2 Full Baths, 1 Partial
Adrian Orozco, Listing Office: Keller Williams VIP
Is 89118, 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, 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
$350,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.1%)
Key Takeaway
Homes in 89118 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 89118 was $350,000 in October 2024, up 6.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $209K | +5.0% |
| 2 Bedrooms | $262.4K | $279K | +6.3% |
| 3 Bedrooms | $352K | $366K | +4.0% |
| 4 Bedrooms | $535K | $579.5K | +8.3% |
| 5+ Bedrooms | $645K | $735K | +14.0% |
Summary: 89118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 14%.
Housing Supply in 89118, NV
How many homes are available in 89118, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 139 | +26.4% |
Summary: The 89118 real estate market had 139 homes for sale in October 2024, a 26.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 34 | 44 | +29.4% |
| 3 Bedrooms | 25 | 38 | +52.0% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 89118 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 52%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89118, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 89118 in October 2024, up by 17.6% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 38 Days | -11.7% |
Summary: Homes in 89118 had an average of 38 days on market in Oct 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89118 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 89118; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% 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.