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 December 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

$630,000

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,000(+3.6%)

Key Takeaway

Homes in 89523 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 89523 was $630,000 in December 2024, up 3.6% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $240K$241.5K
+0.6%
2 $539K$553K
+2.6%
3 $579K$581K
0.3%
4 $694.5K$727.4K
+4.7%
5+ $1.1M$845K
-27.0%

Summary: 89523 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 27%.

Median Sold Price Compared To Nearby Zip Codes

89519
+5.6%
89523
+3.6%
89503
+0.6%
89511
0.0%

Housing Supply in 89523, NV

How many homes are available in 89523, NV?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
133116-12.8%

Summary: The 89523 real estate market had 116 homes for sale in December 2024, a 12.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 42
-50.0%
2 3326
-21.2%
3 5548
-12.7%
4 3634
-5.6%
5+ 56
+20.0%

Summary: The 89523 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3236+12.5%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 89523 in December 2024, up by 12.5% month-over-month. Of the 36 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Dec 2023Dec 2024CHANGE
79 Days85 Days+7.8%

Summary: Homes in 89523 had an average of 85 days on market in Dec 2024, up by 7.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

12 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 December 2024, 36 homes were sold in 89523; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in 89523, NV

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