$8,609 Closing Credit*
$725,000
2,376 SqFt
4 Beds
•2 Full Baths
Bryan McCall, Listing Office: Realty ONE Group, Inc
Is 89131, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 89131 has remained a Seller's Market.
Key Takeaway
89131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89131, NV
How much do homes in 89131, NV cost?
Median Sold Price
$521,333
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,333(+2.2%)
Key Takeaway
Homes in 89131 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 89131 was $521,333 in December 2024, up 2.2% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.5K | $240K | +6.9% |
| 2 Bedrooms | $340K | $360K | +5.9% |
| 3 Bedrooms | $420K | $440K | +4.8% |
| 4 Bedrooms | $550K | $596.6K | +8.5% |
| 5+ Bedrooms | $756K | $775K | +2.5% |
Summary: 89131 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 89131, NV
How many homes are available in 89131, NV?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 226 | 219 | -3.1% |
Summary: The 89131 real estate market had 219 homes for sale in December 2024, a 3.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 93 | 82 | -11.8% |
| 4 Bedrooms | 86 | 85 | -1.2% |
| 5+ Bedrooms | 40 | 46 | +15.0% |
Summary: The 89131 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89131, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 89131 in December 2024, down by 9.3% month-over-month. Of the 39 sold homes, 62% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for 89131, NV
How long does it take to sell a home in 89131, NV?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 38 Days | -7.8% |
Summary: Homes in 89131 had an average of 38 days on market in Dec 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89131 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 39 homes were sold in 89131; 51% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 5% 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.