$5,047 Closing Credit*
$425,000
1,708 SqFt
3 Beds
•2 Full Baths, 1 Partial
Megan DeRicco, Listing Office: RidgeNV, LLC
Is 89701, 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, 89701 has remained a Seller's Market.
Key Takeaway
89701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89701, NV
How much do homes in 89701, NV cost?
Median Sold Price
$475,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,100(+8.0%)
Key Takeaway
Homes in 89701 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 89701 was $475,000 in November 2024, up 8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $185K | -6.6% |
| 2 Bedrooms | $315K | $300K | -4.8% |
| 3 Bedrooms | $437.4K | $455K | +4.0% |
| 4 Bedrooms | $565K | $555K | -1.8% |
| 5+ Bedrooms | $697.5K | $755K | +8.2% |
Summary: 89701 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Zip Codes
| 89706 | $407K | $456.2K | +12.1% |
| 89705 | $465K | $516.3K | +11.0% |
| 89701 | $439.9K | $475K | +8.0% |
| 89703 | $660K | $612K | -7.3% |
Housing Supply in 89701, NV
How many homes are available in 89701, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 104 | +1.0% |
Summary: The 89701 real estate market had 104 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 72 | 71 | -1.4% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 89701 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89701, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 89701 in November 2024, down by 24.0% month-over-month. Of the 19 sold homes, 47% were sold under asking, 42% were sold at asking, and 11% were sold over asking.
Days on Market for 89701, NV
How long does it take to sell a home in 89701, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 66 Days | -10.2% |
Summary: Homes in 89701 had an average of 66 days on market in Nov 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89701 has remained consistent over time.
Summary: During November 2024, 19 homes were sold in 89701; 5% of homes were sold within 30 days, 74% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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