Is 89108, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 89108 has remained a Seller's Market.
Key Takeaway
89108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89108, NV
How much do homes in 89108, NV cost?
Median Sold Price
$335,250
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 89108 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 89108 was $335,250 in May 2024, up 1.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $170K | +3.1% |
| 2 Bedrooms | $229K | $223.5K | -2.4% |
| 3 Bedrooms | $344.9K | $350K | +1.5% |
| 4 Bedrooms | $400K | $399.9K | 0% |
| 5+ Bedrooms | $485K | $454.5K | -6.3% |
Summary: 89108 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 89108, NV
How many homes are available in 89108, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 237 | 254 | +7.2% |
Summary: The 89108 real estate market had 254 homes for sale in May 2024, a 7.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 71 | 79 | +11.3% |
| 3 Bedrooms | 105 | 109 | +3.8% |
| 4 Bedrooms | 49 | 51 | +4.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 89108 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 64 | +16.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89108, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in 89108 in May 2024, up by 16.4% month-over-month. Of the 64 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for 89108, NV
How long does it take to sell a home in 89108, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +13.0% |
Summary: Homes in 89108 had an average of 29 days on market in May 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89108 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 64 homes were sold in 89108; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.