Is 89145, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89145 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 89145 has remained a Seller's Market.

Key Takeaway

89145 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89145, NV

How much do homes in 89145, NV cost?

Median Sold Price

$389,999

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,449(+15.5%)

Key Takeaway

Homes in 89145 have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in 89145 was $389,999 in November 2024, up 15.5% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $167.5K$182K
+8.7%
2 $248.5K$266.2K
+7.1%
3 $370K$409.9K
+10.8%
4 $441K$481.5K
+9.2%
5+ $575K$968.6K
+68.5%

Summary: 89145 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 68.5%.

Median Sold Price Compared To Nearby Zip Codes

89145
+15.5%
89117
+14.2%
89128
+9.4%
89107
+9.4%
89144
-3.1%

Housing Supply in 89145, NV

How many homes are available in 89145, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
165182+10.3%

Summary: The 89145 real estate market had 182 homes for sale in November 2024, a 10.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1211
-8.3%
2 4449
+11.4%
3 6875
+10.3%
4 3135
+12.9%
5+ 1012
+20.0%

Summary: The 89145 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2733+22.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89145, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 89145 in November 2024, up by 22.2% month-over-month. Of the 33 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.

Days on Market for 89145, NV

How long does it take to sell a home in 89145, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days35 Days+73.1%

Summary: Homes in 89145 had an average of 35 days on market in Nov 2024, up by 73.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89145 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 33 homes were sold in 89145; 48% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 9% 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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