Is 89141, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89141 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 89141 was a Seller's Market.

Key Takeaway

89141 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 89141, NV

How much do homes in 89141, NV cost?

Median Sold Price

$545,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,296(+8.8%)

Key Takeaway

Homes in 89141 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 89141 was $545,000 in November 2024, up 8.8% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $377.5K$403K
+6.8%
3 $437.4K$495K
+13.1%
4 $540K$584K
+8.1%
5+ $695K$770K
+10.8%

Summary: 89141 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.8%.

Median Sold Price Compared To Nearby Zip Codes

89139
+10.9%
89141
+8.8%
89044
+6.1%
89123
+4.8%
89183
+3.8%

Housing Supply in 89141, NV

How many homes are available in 89141, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
256274+7.0%

Summary: The 89141 real estate market had 274 homes for sale in November 2024, a 7.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 99
0.0%
3 7374
+1.4%
4 96107
+11.5%
5+ 7884
+7.7%

Summary: The 89141 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 remained the same, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5245-13.5%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89141, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 89141 in November 2024, down by 13.5% month-over-month. Of the 45 sold homes, 62% were sold under asking, 33% were sold at asking, and 4% were sold over asking.

Days on Market for 89141, NV

How long does it take to sell a home in 89141, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days35 Days+31.5%

Summary: Homes in 89141 had an average of 35 days on market in Nov 2024, up by 31.5% compared to last year.

Breakdown of Home Sale Times

27 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 89141 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 45 homes were sold in 89141; 60% of homes were sold within 30 days, 29% 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 17 Days Ago

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