$2,256 Closing Credit*
$190,000
696 SqFt
1 Bed
•1 Full Bath
Robert Hughes, Listing Office: PMI Reno
Is 89512, 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, 89512 has remained a Seller's Market.
Key Takeaway
89512 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89512, NV
How much do homes in 89512, NV cost?
Median Sold Price
$341,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,500(-5.1%)
Key Takeaway
Homes in 89512 have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in 89512 was $341,500 in November 2024, down 5.1% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $188.2K | +7.6% |
| 2 Bedrooms | $245K | $213.4K | -12.9% |
| 3 Bedrooms | $402.3K | $404.6K | +0.6% |
| 4 Bedrooms | $467.4K | $481.2K | +3.0% |
| 5+ Bedrooms | $550K | $430K | -21.8% |
Summary: 89512 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Zip Codes
| 89501 | $350K | $425K | +21.4% |
| 89433 | $409K | $430K | +5.1% |
| 89503 | $435.2K | $450K | +3.4% |
| 89431 | $378K | $380K | 0.5% |
| 89512 | $360K | $341.5K | -5.1% |
Housing Supply in 89512, NV
How many homes are available in 89512, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 81 | +6.6% |
Summary: The 89512 real estate market had 81 homes for sale in November 2024, a 6.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 89512 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 3.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89512, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 89512 in November 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 73 Days | -25.3% |
Summary: Homes in 89512 had an average of 73 days on market in Nov 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89512 has remained consistent over time.
Summary: During November 2024, 16 homes were sold in 89512; 13% 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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