Is 89138, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89138 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89138 has remained a Seller's Market.

Key Takeaway

89138 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89138, NV

How much do homes in 89138, NV cost?

Median Sold Price

$767,809

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,809(+4.5%)

Key Takeaway

Homes in 89138 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 89138 was $767,809 in October 2024, up 4.5% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $505K$535K
+5.9%
3 $600K$667.5K
+11.3%
4 $848.7K$890K
+4.9%
5+ $1.1M$1.1M
+6.0%

Summary: 89138 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 5.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Zip Codes

89134
+11.9%
89161
+11.0%
89135
+9.7%
89138
+4.5%
89144
-1.1%

Housing Supply in 89138, NV

How many homes are available in 89138, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
204232+13.7%

Summary: The 89138 real estate market had 232 homes for sale in October 2024, a 13.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1617
+6.3%
3 8090
+12.5%
4 8396
+15.7%
5+ 2529
+16.0%

Summary: The 89138 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 6.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3746+24.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89138, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 89138 in October 2024, up by 24.3% month-over-month. Of the 46 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% were sold over asking.

Days on Market for 89138, NV

How long does it take to sell a home in 89138, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days46 Days+6.6%

Summary: Homes in 89138 had an average of 46 days on market in Oct 2024, up by 6.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89138 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 89138; 43% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 17% 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 24 Days Ago

Newest Listings in 89138, NV

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