Is 89135, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89135 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89135 has remained a Seller's Market.

Key Takeaway

89135 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89135, NV

How much do homes in 89135, NV cost?

Median Sold Price

$737,705

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$65,371(+9.7%)

Key Takeaway

Homes in 89135 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 89135 was $737,705 in October 2024, up 9.7% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $349K$350K
0.3%
2 $495K$555K
+12.1%
3 $601K$665K
+10.6%
4 $1.2M$1.2M
+6.9%
5+ $2.0M$2.0M
-2.1%

Summary: 89135 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

89145
+14.3%
89117
+14.1%
89135
+9.7%
89147
+9.1%
89144
-1.1%

Housing Supply in 89135, NV

How many homes are available in 89135, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
249281+12.9%

Summary: The 89135 real estate market had 281 homes for sale in October 2024, a 12.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 36
+100.0%
2 4956
+14.3%
3 99117
+18.2%
4 6561
-6.2%
5+ 3341
+24.2%

Summary: The 89135 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 24.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4047+17.5%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89135, you may be able to get a good deal. 70.2% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 89135 in October 2024, up by 17.5% month-over-month. Of the 47 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.

Days on Market for 89135, NV

How long does it take to sell a home in 89135, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days31 Days-30.1%

Summary: Homes in 89135 had an average of 31 days on market in Oct 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89135 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in 89135; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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 21 Days Ago

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