Is 89143, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89143 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 89143 was a Seller's Market.

Key Takeaway

89143 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 89143, NV

How much do homes in 89143, NV cost?

Median Sold Price

$480,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,724(+5.4%)

Key Takeaway

Homes in 89143 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 89143 was $480,000 in November 2024, up 5.4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $419.9K$400K
-4.8%
3 $400K$430K
+7.5%
4 $490K$499.5K
+1.9%
5+ $649K$559.4K
-13.8%

Summary: 89143 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 decreased by 4.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Zip Codes

89166
+6.5%
89143
+5.4%
89131
+2.7%

Housing Supply in 89143, NV

How many homes are available in 89143, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6773+9.0%

Summary: The 89143 real estate market had 73 homes for sale in November 2024, a 9.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 3233
+3.1%
4 1923
+21.1%
5+ 99
0.0%

Summary: The 89143 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 increased by 14.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89143, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 89143 in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 89143, NV

How long does it take to sell a home in 89143, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days28 Days-48.3%

Summary: Homes in 89143 had an average of 28 days on market in Nov 2024, down by 48.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89143 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 89143; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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