$2,671 Closing Credit*
$224,900
936 SqFt
2 Beds
•1 Full Bath, 1 Partial
Sandra Gabrielli, Listing Office: RE/MAX Professionals-Sparks
Is 89502, 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, 89502 has remained a Seller's Market.
Key Takeaway
89502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89502, NV
How much do homes in 89502, NV cost?
Median Sold Price
$430,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+10.3%)
Key Takeaway
Homes in 89502 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 89502 was $430,000 in October 2024, up 10.3% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $179.9K | -7.7% |
| 2 Bedrooms | $290K | $286K | -1.4% |
| 3 Bedrooms | $455K | $475K | +4.4% |
| 4 Bedrooms | $490K | $555K | +13.3% |
| 5+ Bedrooms | $738.9K | $1.0M | +43.2% |
Summary: 89502 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 43.2%.
Median Sold Price Compared To Nearby Zip Codes
| 89501 | $343K | $382.5K | +11.5% |
| 89509 | $649.4K | $720K | +10.9% |
| 89502 | $390K | $430K | +10.3% |
| 89431 | $372K | $382K | +2.7% |
Housing Supply in 89502, NV
How many homes are available in 89502, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 112 | +10.9% |
Summary: The 89502 real estate market had 112 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 16 | +45.5% |
| 2 Bedrooms | 34 | 35 | +2.9% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 89502 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89502, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 89502 in October 2024, the same as the previous month. Of the 27 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for 89502, NV
How long does it take to sell a home in 89502, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 75 Days | +35.6% |
Summary: Homes in 89502 had an average of 75 days on market in Oct 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89502 has remained consistent over time.
Summary: During October 2024, 27 homes were sold in 89502; 4% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.