Is 89523, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 89523 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 89523 has remained a Seller's Market.

Key Takeaway

89523 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 89523, NV

How much do homes in 89523, NV cost?

Median Sold Price

$636,666

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,280(+6.2%)

Key Takeaway

Homes in 89523 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 89523 was $636,666 in October 2024, up 6.2% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$238K
-0.8%
2 $540K$545K
+0.9%
3 $570K$578K
+1.4%
4 $685K$725K
+5.8%
5+ $1.1M$850K
-24.9%

Summary: 89523 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Zip Codes

89519
+7.4%
89523
+6.2%
89439
+5.0%
89503
+2.2%
89511
0.0%

Housing Supply in 89523, NV

How many homes are available in 89523, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
171175+2.3%

Summary: The 89523 real estate market had 175 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 4342
-2.3%
3 5364
+20.8%
4 5551
-7.3%
5+ 1211
-8.3%

Summary: The 89523 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3740+8.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 89523, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 89523 in October 2024, up by 8.1% month-over-month. Of the 40 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.

Days on Market for 89523, NV

How long does it take to sell a home in 89523, NV?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days68 Days-3.6%

Summary: Homes in 89523 had an average of 68 days on market in Oct 2024, down by 3.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 89523 has remained consistent over time.

Summary: During October 2024, 40 homes were sold in 89523; 15% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 28% 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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Newest Listings in 89523, NV

Nearby Markets to 89523, NV

MLS Disclaimers and Copyright

Based on information from Northern Nevada Regional MLS for the period 11/01/2022 - 11/01/2024

IDX Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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