$3,563 Closing Credit*
$300,000
1,198 SqFt
2 Beds
•2 Full Baths, 1 Partial
Heidi Somhegyi, Listing Office: RE/MAX Gold
Is 89431, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 89431 has remained a Seller's Market.
Key Takeaway
89431 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89431, NV
How much do homes in 89431, NV cost?
Median Sold Price
$385,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,000(+1.3%)
Key Takeaway
Homes in 89431 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 89431 was $385,000 in December 2024, up 1.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $172.5K | -18.8% |
| 2 Bedrooms | $300K | $291K | -3.0% |
| 3 Bedrooms | $385K | $399.9K | +3.9% |
| 4 Bedrooms | $440K | $440K | 0.0% |
| 5+ Bedrooms | $459K | $502.5K | +9.5% |
Summary: 89431 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Zip Codes
| 89502 | $395K | $435K | +10.1% |
| 89433 | $410K | $430.9K | +5.1% |
| 89436 | $535K | $549.9K | +2.8% |
| 89431 | $380K | $385K | +1.3% |
| 89512 | $361.9K | $344K | -4.9% |
Housing Supply in 89431, NV
How many homes are available in 89431, NV?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 113 | 102 | -9.7% |
Summary: The 89431 real estate market had 102 homes for sale in December 2024, a 9.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 36 | 32 | -11.1% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 89431 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89431, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 89431 in December 2024, down by 16.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.
Days on Market for 89431, NV
How long does it take to sell a home in 89431, NV?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 92 Days | 70 Days | -23.5% |
Summary: Homes in 89431 had an average of 70 days on market in Dec 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89431 has remained consistent over time.
Summary: During December 2024, 21 homes were sold in 89431; 5% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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