Is 89121, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89121 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 89121 has remained a Seller's Market.

Key Takeaway

89121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89121, NV

How much do homes in 89121, NV cost?

Median Sold Price

$356,497

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,997(+9.2%)

Key Takeaway

Homes in 89121 have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in 89121 was $356,497 in November 2024, up 9.2% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147.4K$169K
+14.6%
2 $243.5K$259.5K
+6.6%
3 $334.4K$359.9K
+7.6%
4 $392K$430K
+9.7%
5+ $445K$454K
+2.0%

Summary: 89121 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

89169
+17.6%
89120
+11.6%
89121
+9.2%
89122
+7.5%
89104
+5.7%

Housing Supply in 89121, NV

How many homes are available in 89121, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
285317+11.2%

Summary: The 89121 real estate market had 317 homes for sale in November 2024, a 11.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 78
+14.3%
2 5671
+26.8%
3 125135
+8.0%
4 7881
+3.8%
5+ 1922
+15.8%

Summary: The 89121 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5053+6.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89121, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in 89121 in November 2024, up by 6.0% month-over-month. Of the 53 sold homes, 45% were sold under asking, 11% were sold at asking, and 43% were sold over asking.

Days on Market for 89121, NV

How long does it take to sell a home in 89121, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days36 Days+62.9%

Summary: Homes in 89121 had an average of 36 days on market in Nov 2024, up by 62.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89121 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 53 homes were sold in 89121; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% 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 21 Days Ago

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