$2,221 Closing Credit*
$187,000
786 SqFt
1 Bed
•1 Full Bath
Mark Ashworth, Listing Office: L. Lance Gilman Real Estate
Is 89431, 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, 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
$382,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.7%)
Key Takeaway
Homes in 89431 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 89431 was $382,000 in October 2024, up 2.7% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $175K | +1.7% |
| 2 Bedrooms | $285K | $299K | +4.9% |
| 3 Bedrooms | $380K | $393.2K | +3.5% |
| 4 Bedrooms | $435.5K | $445K | +2.2% |
| 5+ Bedrooms | $457K | $517.5K | +13.2% |
Summary: 89431 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Zip Codes
| 89502 | $390K | $430K | +10.3% |
| 89433 | $405K | $430.9K | +6.4% |
| 89436 | $530K | $549.3K | +3.6% |
| 89431 | $372K | $382K | +2.7% |
| 89512 | $341K | $350K | +2.6% |
Housing Supply in 89431, NV
How many homes are available in 89431, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 125 | +15.7% |
Summary: The 89431 real estate market had 125 homes for sale in October 2024, a 15.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 37 | 43 | +16.2% |
| 3 Bedrooms | 49 | 54 | +10.2% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 89431 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89431, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 89431 in October 2024, up by 57.1% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 74 Days | +28.6% |
Summary: Homes in 89431 had an average of 74 days on market in Oct 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
12 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 October 2024, 22 homes were sold in 89431; 14% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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