Is 89119, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89119 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 89119 was a Seller's Market.

Key Takeaway

89119 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 89119, NV

How much do homes in 89119, NV cost?

Median Sold Price

$272,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$41,000(+17.7%)

Key Takeaway

Homes in 89119 have sold for 17.7% more than they did a year ago.

Summary: The median home sold price in 89119 was $272,000 in December 2024, up 17.7% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $132K$130K
-1.5%
2 $197K$210.5K
+6.9%
3 $365K$402.5K
+10.3%
4 $422.5K$425K
+0.6%
5+ $549.5K$540K
-1.7%

Summary: 89119 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

89169
+20.5%
89119
+17.7%
89109
+10.6%
89120
+10.2%
89158
+9.5%

Housing Supply in 89119, NV

How many homes are available in 89119, NV?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
132146+10.6%

Summary: The 89119 real estate market had 146 homes for sale in December 2024, a 10.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 79
+28.6%
2 6881
+19.1%
3 4041
+2.5%
4 1512
-20.0%
5+ 23
+50.0%

Summary: The 89119 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1624+50.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89119, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 89119 in December 2024, up by 50.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 17% were sold at asking, and 29% were sold over asking.

Days on Market for 89119, NV

How long does it take to sell a home in 89119, NV?

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days54 Days+73.7%

Summary: Homes in 89119 had an average of 54 days on market in Dec 2024, up by 73.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89119 has remained consistent over time.

Summary: During December 2024, 24 homes were sold in 89119; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% 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 2 Days Ago

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