$10,000 Closing Credit*
$850,000
Mitch Argon, Listing Office: Cal Neva Realty
Is 89509, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 89509 has remained a Seller's Market.
Key Takeaway
89509 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89509, NV
How much do homes in 89509, NV cost?
Median Sold Price
$716,666
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,049(+10.7%)
Key Takeaway
Homes in 89509 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 89509 was $716,666 in November 2024, up 10.7% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.5K | $247.5K | +15.4% |
| 2 Bedrooms | $455K | $502.2K | +10.4% |
| 3 Bedrooms | $635K | $650K | +2.4% |
| 4 Bedrooms | $840K | $900K | +7.1% |
| 5+ Bedrooms | $992.5K | $1.3M | +31.0% |
Summary: 89509 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Zip Codes
| 89501 | $350K | $425K | +21.4% |
| 89509 | $647.6K | $716.6K | +10.7% |
| 89502 | $395K | $429.2K | +8.7% |
| 89503 | $435.2K | $450K | +3.4% |
| 89519 | $829.9K | $850K | +2.4% |
Housing Supply in 89509, NV
How many homes are available in 89509, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 174 | 179 | +2.9% |
Summary: The 89509 real estate market had 179 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 42 | 43 | +2.4% |
| 3 Bedrooms | 59 | 64 | +8.5% |
| 4 Bedrooms | 43 | 38 | -11.6% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 89509 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89509, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 89509 in November 2024, the same as the previous month. Of the 36 sold homes, 47% were sold under asking, 14% were sold at asking, and 39% were sold over asking.
Days on Market for 89509, NV
How long does it take to sell a home in 89509, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 75 Days | -4.5% |
Summary: Homes in 89509 had an average of 75 days on market in Nov 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89509 has remained consistent over time.
Summary: During November 2024, 36 homes were sold in 89509; 14% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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