Is 89166, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89166 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89166 has remained a Seller's Market.

Key Takeaway

89166 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89166, NV

How much do homes in 89166, NV cost?

Median Sold Price

$499,963

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,513(+6.5%)

Key Takeaway

Homes in 89166 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 89166 was $499,963 in October 2024, up 6.5% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $187.7K$199.7K
+6.4%
2 $221.5K$246.2K
+11.2%
3 $429.5K$460K
+7.1%
4 $510K$530K
+3.9%
5+ $680K$716.3K
+5.4%

Summary: 89166 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

89124
+29.1%
89149
+6.9%
89166
+6.5%
89129
+4.4%
89143
+3.3%

Housing Supply in 89166, NV

How many homes are available in 89166, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
208218+4.8%

Summary: The 89166 real estate market had 218 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 110115
+4.5%
4 7376
+4.1%
5+ 1920
+5.3%

Summary: The 89166 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 increased by 20%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4748+2.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89166, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 48 homes were sold or pending in 89166 in October 2024, up by 2.1% month-over-month. Of the 48 sold homes, 29% were sold under asking, 38% were sold at asking, and 33% were sold over asking.

Days on Market for 89166, NV

How long does it take to sell a home in 89166, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days39 Days-5.7%

Summary: Homes in 89166 had an average of 39 days on market in Oct 2024, down by 5.7% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 89166 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 89166; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% 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

Newest Listings in 89166, NV

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