Is 89169, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89169 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 89169 was a Seller's Market.

Key Takeaway

89169 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 89169, NV

How much do homes in 89169, NV cost?

Median Sold Price

$250,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,250(+15.3%)

Key Takeaway

Homes in 89169 have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in 89169 was $250,000 in October 2024, up 15.3% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$197.5K
+23.4%
2 $196K$209.2K
+6.8%
3 $308K$355K
+15.3%
4 $414K$449K
+8.5%
5+ $387.5K$515K
+32.9%

Summary: 89169 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 32.9%.

Median Sold Price Compared To Nearby Zip Codes

89169
+15.3%
89121
+7.8%
89119
+7.6%
89104
+7.4%
89109
+4.8%

Housing Supply in 89169, NV

How many homes are available in 89169, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128125-2.3%

Summary: The 89169 real estate market had 125 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3937
-5.1%
2 4849
+2.1%
3 2323
0.0%
4 1312
-7.7%
5+ 54
-20.0%

Summary: The 89169 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

9 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 89169, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 89169 in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.

Days on Market for 89169, NV

How long does it take to sell a home in 89169, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days48 Days+0.7%

Summary: Homes in 89169 had an average of 48 days on market in Oct 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89169 has remained consistent over time.

Summary: During October 2024, 14 homes were sold in 89169; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

Newest Listings in 89169, NV

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