$5,902 Closing Credit*
$497,000
1,875 SqFt
4 Beds
•2 Full Baths, 1 Partial
Alla Margaryan, Listing Office: Vegas Realty Experts
Is 89123, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 89123 has remained a Seller's Market.
Key Takeaway
89123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89123, NV
How much do homes in 89123, NV cost?
Median Sold Price
$429,800
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,800(+4.8%)
Key Takeaway
Homes in 89123 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 89123 was $429,800 in November 2024, up 4.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $225K | +4.7% |
| 2 Bedrooms | $302K | $315K | +4.3% |
| 3 Bedrooms | $415K | $429.5K | +3.5% |
| 4 Bedrooms | $500K | $540K | +8.0% |
| 5+ Bedrooms | $625K | $650K | +4.0% |
Summary: 89123 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4%.
Housing Supply in 89123, NV
How many homes are available in 89123, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 277 | 281 | +1.4% |
Summary: The 89123 real estate market had 281 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 28 | +27.3% |
| 2 Bedrooms | 82 | 84 | +2.4% |
| 3 Bedrooms | 91 | 91 | 0.0% |
| 4 Bedrooms | 52 | 46 | -11.5% |
| 5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The 89123 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 48 | -5.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89123, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 89123 in November 2024, down by 5.9% month-over-month. Of the 48 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for 89123, NV
How long does it take to sell a home in 89123, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 43 Days | +99.7% |
Summary: Homes in 89123 had an average of 43 days on market in Nov 2024, up by 99.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89123 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 48 homes were sold in 89123; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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.