Is 89512, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89512 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 89512 was a Seller's Market.

Key Takeaway

89512 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 89512, NV

How much do homes in 89512, NV cost?

Median Sold Price

$350,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,000(+2.6%)

Key Takeaway

Homes in 89512 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 89512 was $350,000 in October 2024, up 2.6% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $183K$187.5K
+2.5%
2 $247.5K$215K
-13.1%
3 $399.1K$415.7K
+4.2%
4 $462.4K$488K
+5.5%
5+ $550K$430K
-21.8%

Summary: 89512 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 21.8%.

Median Sold Price Compared To Nearby Zip Codes

89501
+11.5%
89433
+6.4%
89431
+2.7%
89512
+2.6%
89503
+2.2%

Housing Supply in 89512, NV

How many homes are available in 89512, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7479+6.8%

Summary: The 89512 real estate market had 79 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 2828
0.0%
3 2830
+7.1%
4 1114
+27.3%
5+ 21
-50.0%

Summary: The 89512 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89512, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 89512 in October 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for 89512, NV

How long does it take to sell a home in 89512, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
93 Days73 Days-21.2%

Summary: Homes in 89512 had an average of 73 days on market in Oct 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89512 has remained consistent over time.

Summary: During October 2024, 13 homes were sold in 89512; 8% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 23% 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 17 Days Ago

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