$6,347 Closing Credit*
$534,500
2,936 SqFt
5 Beds
•1 Full Bath
David M. Baca, Listing Office: LIFE Realty District
Is 89161, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 89161 was a Neutral Market.
Key Takeaway
89161 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89161, NV
How much do homes in 89161, NV cost?
Median Sold Price
$541,042
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,542(+11.0%)
Key Takeaway
Homes in 89161 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 89161 was $541,042 in October 2024, up 11% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $469K | $440K | -6.2% |
| 3 Bedrooms | $482.4K | $530K | +9.9% |
| 4 Bedrooms | $471.6K | $545K | +15.6% |
| 5+ Bedrooms | $502.4K | $569.4K | +13.3% |
Summary: 89161 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 decreased by 6.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 89161, NV
How many homes are available in 89161, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 78 | 0.0% |
Summary: The 89161 real estate market had 78 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 89161 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 remained the same, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89161, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 89161 in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for 89161, NV
How long does it take to sell a home in 89161, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 77 Days | +155.7% |
Summary: Homes in 89161 had an average of 77 days on market in Oct 2024, up by 155.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89161 has remained consistent over time.
Summary: During October 2024, 14 homes were sold in 89161; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.