$742,500
0.67 Acres
Land
Georgia Chase, Listing Office: Chase International - ZC
Is 89705, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 89705 was a Seller's Market.
Key Takeaway
89705 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 89705, NV
How much do homes in 89705, NV cost?
Median Sold Price
$522,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,500(+12.4%)
Key Takeaway
Homes in 89705 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 89705 was $522,000 in October 2024, up 12.4% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349K | $400K | +14.6% |
| 3 Bedrooms | $464K | $510K | +9.9% |
| 4 Bedrooms | $575K | $1.0M | +82.6% |
| 5+ Bedrooms | $6.0M | $705K | -88.3% |
Summary: 89705 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 82.6%, and 5+ bedroom homes decreased by 88.3%.
Median Sold Price Compared To Nearby Zip Codes
| 89705 | $464.5K | $522K | +12.4% |
| 89423 | $625K | $667K | +6.7% |
| 89703 | $665K | $598K | -10.1% |
| 89413 | $2.4M | $1.5M | -37.4% |
Housing Supply in 89705, NV
How many homes are available in 89705, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The 89705 real estate market had 42 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 89705 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89705, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 89705 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% were sold at asking, and 0% were sold over asking.
Days on Market for 89705, NV
How long does it take to sell a home in 89705, NV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 100 Days | -26.5% |
Summary: Homes in 89705 had an average of 100 days on market in Oct 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 89705 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 89705; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.