$4,334 Closing Credit*
$365,000
1,394 SqFt
3 Beds
•2 Full Baths
Hadley Faught, Listing Office: eXp Realty, LLC
Is 89406, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 89406 has remained a Seller's Market.
Key Takeaway
89406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$34,336(+9.9%)
Key Takeaway
Homes in 89406 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 89406 was $380,000 in October 2024, up 9.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $185K | -19.6% |
| 2 Bedrooms | $250K | $235.2K | -5.9% |
| 3 Bedrooms | $345K | $370K | +7.2% |
| 4 Bedrooms | $385.9K | $420K | +8.8% |
| 5+ Bedrooms | $460K | $520K | +13.0% |
Summary: 89406 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Zip Codes
| 89406 | $345.6K | $380K | +9.9% |
| 89408 | $370K | $386.3K | +4.4% |
Housing Supply in 89406, NV
How many homes are available in 89406, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 98 | +12.6% |
Summary: The 89406 real estate market had 98 homes for sale in October 2024, a 12.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 53 | 65 | +22.6% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 89406 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 decreased by 10%, 3 bedroom homes increased by 22.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 25 | +108.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89406, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 89406 in October 2024, up by 108.3% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 112 Days | +15.3% |
Summary: Homes in 89406 had an average of 112 days on market in Oct 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89406 has remained consistent over time.
Summary: During October 2024, 25 homes were sold in 89406; 0% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.