$4,928 Closing Credit*
$415,000
1,546 SqFt
3 Beds
•2 Full Baths
Jonathan Poole, Listing Office: Real Broker LLC
Is 89406, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 89406 was a Seller's Market.
Key Takeaway
89406 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 89406, NV
How much do homes in 89406, NV cost?
Median Sold Price
$380,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,416(+9.0%)
Key Takeaway
Homes in 89406 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 89406 was $380,000 in November 2024, up 9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $185K | -19.6% |
| 2 Bedrooms | $250K | $235.5K | -5.8% |
| 3 Bedrooms | $346K | $368.5K | +6.5% |
| 4 Bedrooms | $387.9K | $420K | +8.3% |
| 5+ Bedrooms | $465K | $520K | +11.8% |
Summary: 89406 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Zip Codes
| 89406 | $348.5K | $380K | +9.0% |
| 89408 | $370K | $388.9K | +5.1% |
Housing Supply in 89406, NV
How many homes are available in 89406, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 85 | -11.5% |
Summary: The 89406 real estate market had 85 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 65 | 60 | -7.7% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 89406 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 decreased by 42.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 11 | -57.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89406, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 89406 in November 2024, down by 57.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 89406, NV
How long does it take to sell a home in 89406, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 76 Days | +36.8% |
Summary: Homes in 89406 had an average of 76 days on market in Nov 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89406 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 89406; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.