Is 89448, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89448 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 89448 was a Buyer's Market.

Key Takeaway

89448 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 89448, NV

How much do homes in 89448, NV cost?

Median Sold Price

$1,050,000

$573/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$275,000(-20.8%)

Key Takeaway

Homes in 89448 have sold for 20.8% less than they did a month ago.

Summary: The median home sold price in 89448 was $1,050,000 in October 2024, down 20.8% from last month, and the median price per square foot was $573.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$771K
N/A
3 $1.1M$1.0M
-11.0%
4 --
N/A
5+ $9.6M$3.5M
-62.7%

Summary: 89448 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 decreased by 11%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 62.7%.

Median Sold Price Compared To Nearby Zip Codes

89448
-20.8%
89411
-27.4%

Housing Supply in 89448, NV

How many homes are available in 89448, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3233+3.1%

Summary: The 89448 real estate market had 33 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1919
0.0%
4 44
0.0%
5+ 44
0.0%

Summary: The 89448 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89448, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 89448 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 89448, NV

How long does it take to sell a home in 89448, NV?

Average Sale Time

Sep 2024Oct 2024CHANGE
224 Days58 Days-73.9%

Summary: Homes in 89448 had an average of 58 days on market in Oct 2024, down by 73.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 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 89448 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 89448; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

Newest Listings in 89448, NV

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