$5,166 Closing Credit*
$435,000
2,024 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cheryl A. Van Elsis, Listing Office: Redfin
Is 89131, 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, 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
$522,800
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,825(+2.7%)
Key Takeaway
Homes in 89131 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 89131 was $522,800 in November 2024, up 2.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.5K | $240K | +6.9% |
| 2 Bedrooms | $340K | $355K | +4.4% |
| 3 Bedrooms | $420K | $440K | +4.8% |
| 4 Bedrooms | $548.7K | $600K | +9.3% |
| 5+ Bedrooms | $750K | $774.7K | +3.3% |
Summary: 89131 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 89131, NV
How many homes are available in 89131, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 248 | 238 | -4.0% |
Summary: The 89131 real estate market had 238 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 96 | 97 | +1.0% |
| 4 Bedrooms | 99 | 93 | -6.1% |
| 5+ Bedrooms | 47 | 41 | -12.8% |
Summary: The 89131 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 12.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 42 | -22.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89131, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 89131 in November 2024, down by 22.2% month-over-month. Of the 42 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 27 Days | -27.0% |
Summary: Homes in 89131 had an average of 27 days on market in Nov 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 42 homes were sold in 89131; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% 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.