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 November 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

$733,603

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,937(+8.9%)

Key Takeaway

Homes in 89135 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 89135 was $733,603 in November 2024, up 8.9% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$358.7K
+2.5%
2 $489K$560K
+14.5%
3 $603K$665K
+10.3%
4 $1.2M$1.2M
+4.0%
5+ $2.1M$2.0M
-5.6%

Summary: 89135 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

89145
+15.5%
89117
+14.2%
89135
+8.9%
89147
+8.1%
89144
-3.1%

Housing Supply in 89135, NV

How many homes are available in 89135, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
269273+1.5%

Summary: The 89135 real estate market had 273 homes for sale in November 2024, a 1.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 5664
+14.3%
3 110106
-3.6%
4 5959
0.0%
5+ 3940
+2.6%

Summary: The 89135 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5049-2.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 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. 77.6% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 89135 in November 2024, down by 2.0% month-over-month. Of the 49 sold homes, 78% were sold under asking, 18% were sold at asking, and 4% 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

Nov 2023Nov 2024CHANGE
55 Days49 Days-11.2%

Summary: Homes in 89135 had an average of 49 days on market in Nov 2024, down by 11.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

19 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 November 2024, 49 homes were sold in 89135; 51% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 10% 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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