Is 89128, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89128 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 89128 was a Seller's Market.

Key Takeaway

89128 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 89128, NV

How much do homes in 89128, NV cost?

Median Sold Price

$373,375

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,408(+6.7%)

Key Takeaway

Homes in 89128 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 89128 was $373,375 in October 2024, up 6.7% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $182K$195K
+7.1%
2 $230K$249K
+8.3%
3 $384K$403.5K
+5.1%
4 $515K$535K
+3.9%
5+ $602.5K$715K
+18.7%

Summary: 89128 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 18.7%.

Median Sold Price Compared To Nearby Zip Codes

89145
+14.3%
89134
+11.9%
89108
+7.2%
89128
+6.7%
89129
+4.4%

Housing Supply in 89128, NV

How many homes are available in 89128, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
208234+12.5%

Summary: The 89128 real estate market had 234 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 7682
+7.9%
3 8087
+8.8%
4 3645
+25.0%
5+ 1113
+18.2%

Summary: The 89128 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4839-18.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89128, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 89128 in October 2024, down by 18.8% month-over-month. Of the 39 sold homes, 54% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for 89128, NV

How long does it take to sell a home in 89128, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days35 Days+27.9%

Summary: Homes in 89128 had an average of 35 days on market in Oct 2024, up by 27.9% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89128 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 89128; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% 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 23 Days Ago

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