Is 89451, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89451 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 89451 was a Seller's Market.

Key Takeaway

89451 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 89451, NV

How much do homes in 89451, NV cost?

Median Sold Price

$1,540,000

$744/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$362,500(+30.8%)

Key Takeaway

Homes in 89451 have sold for 30.8% more than they did a year ago.

Summary: The median home sold price in 89451 was $1,540,000 in November 2024, up 30.8% from last year, and the median price per square foot was $744.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $612.5K$760K
+24.1%
2 $825K$1.0M
+26.1%
3 $1.1M$1.0M
-4.5%
4 $2.0M$2.3M
+18.8%
5+ $3.8M$3.6M
-6.8%

Summary: 89451 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

89451
+30.8%
89704
+2.5%
89511
0.5%
89703
-7.3%

Housing Supply in 89451, NV

How many homes are available in 89451, NV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8974-16.9%

Summary: The 89451 real estate market had 74 homes for sale in November 2024, a 16.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 2019
-5.0%
3 3830
-21.1%
4 129
-25.0%
5+ 1513
-13.3%

Summary: The 89451 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
209-55.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in 89451, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 89451 in November 2024, down by 55.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 89451, NV

How long does it take to sell a home in 89451, NV?

Average Sale Time

Nov 2023Nov 2024CHANGE
110 Days164 Days+49.1%

Summary: Homes in 89451 had an average of 164 days on market in Nov 2024, up by 49.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times67%33%

Key Takeaway

Most homes in 89451 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 9 homes were sold in 89451; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 23 Days Ago

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