Is 89434, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89434 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 89434 has remained a Seller's Market.

Key Takeaway

89434 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89434, NV

How much do homes in 89434, NV cost?

Median Sold Price

$455,000

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,666(+3.6%)

Key Takeaway

Homes in 89434 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 89434 was $455,000 in November 2024, up 3.6% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$213.5K
+18.6%
2 $402K$418K
+4.0%
3 $435K$450K
+3.4%
4 $520.5K$515K
-1.1%
5+ $540K$625K
+15.7%

Summary: 89434 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Zip Codes

89502
+8.7%
89436
+3.8%
89434
+3.6%
89521
+1.8%
89431
0.5%

Housing Supply in 89434, NV

How many homes are available in 89434, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8881-8.0%

Summary: The 89434 real estate market had 81 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 2525
0.0%
3 4337
-14.0%
4 1515
0.0%
5+ 21
-50.0%

Summary: The 89434 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 remained the same, 3 bedroom homes decreased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89434, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 89434 in November 2024, up by 9.5% month-over-month. Of the 23 sold homes, 48% were sold under asking, 43% were sold at asking, and 9% were sold over asking.

Days on Market for 89434, NV

How long does it take to sell a home in 89434, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days75 Days+17.3%

Summary: Homes in 89434 had an average of 75 days on market in Nov 2024, up by 17.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89434 has remained consistent over time.

Summary: During November 2024, 23 homes were sold in 89434; 17% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 30% 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 18 Days Ago

Newest Listings in 89434, NV

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