Is 89156, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89156 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 89156 was a Seller's Market.

Key Takeaway

89156 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 89156, NV

How much do homes in 89156, NV cost?

Median Sold Price

$355,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+6.0%)

Key Takeaway

Homes in 89156 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 89156 was $355,000 in November 2024, up 6% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$184.5K
+36.7%
2 $199K$205K
+3.0%
3 $347.5K$360K
+3.6%
4 $379.9K$410K
+7.9%
5+ $396K$472K
+19.2%

Summary: 89156 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

89115
+8.1%
89142
+7.3%
89110
+6.7%
89156
+6.0%

Housing Supply in 89156, NV

How many homes are available in 89156, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98105+7.1%

Summary: The 89156 real estate market had 105 homes for sale in November 2024, a 7.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2126
+23.8%
3 5451
-5.6%
4 1822
+22.2%
5+ 56
+20.0%

Summary: The 89156 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 23.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1715-11.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89156, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 89156 in November 2024, down by 11.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.

Days on Market for 89156, NV

How long does it take to sell a home in 89156, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days25 Days-8.3%

Summary: Homes in 89156 had an average of 25 days on market in Nov 2024, down by 8.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89156 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 89156; 67% of homes were sold within 30 days, 33% 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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