Is 89134, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89134 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89134 has remained a Seller's Market.

Key Takeaway

89134 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89134, NV

How much do homes in 89134, NV cost?

Median Sold Price

$496,975

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,894(+11.9%)

Key Takeaway

Homes in 89134 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 89134 was $496,975 in October 2024, up 11.9% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $332.5K-
N/A
2 $393.1K$443.1K
+12.7%
3 $575K$699.9K
+21.7%
4 $731.2K$720K
-1.5%
5+ $1.1M$1.3M
+19.2%

Summary: 89134 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

89134
+11.9%
89161
+11.0%
89128
+6.7%
89129
+4.4%
89144
-1.1%

Housing Supply in 89134, NV

How many homes are available in 89134, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
255293+14.9%

Summary: The 89134 real estate market had 293 homes for sale in October 2024, a 14.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 156182
+16.7%
3 5571
+29.1%
4 2926
-10.3%
5+ 1514
-6.7%

Summary: The 89134 housing inventory by bedroom type for October 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 29.1%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6560-7.7%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89134, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in 89134 in October 2024, down by 7.7% month-over-month. Of the 60 sold homes, 72% were sold under asking, 20% were sold at asking, and 8% were sold over asking.

Days on Market for 89134, NV

How long does it take to sell a home in 89134, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days32 Days+37.8%

Summary: Homes in 89134 had an average of 32 days on market in Oct 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89134 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 60 homes were sold in 89134; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 14 Days Ago

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