Is 89411, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89411 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 89411 was a Buyer's Market.

Key Takeaway

89411 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 89411, NV

How much do homes in 89411, NV cost?

Median Sold Price

$967,500

$358/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$364,500(-27.4%)

Key Takeaway

Homes in 89411 have sold for 27.4% less than they did a month ago.

Summary: The median home sold price in 89411 was $967,500 in October 2024, down 27.4% from last month, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.0M
N/A
4 $1.3M$895K
-32.8%
5+ --
N/A

Summary: 89411 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

89448
-20.8%
89411
-27.4%

Housing Supply in 89411, NV

How many homes are available in 89411, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
24240.0%

Summary: The 89411 real estate market had 24 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1112
+9.1%
4 98
-11.1%
5+ 44
0.0%

Summary: The 89411 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 increased by 9.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89411, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 89411 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 89411, NV

How long does it take to sell a home in 89411, NV?

Average Sale Time

Sep 2024Oct 2024CHANGE
95 Days79 Days-16.5%

Summary: Homes in 89411 had an average of 79 days on market in Oct 2024, down by 16.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89411 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 89411; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 89411, NV

Nearby Markets to 89411, NV