Is 89134, 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, 89134 has remained a Seller's Market.
Key Takeaway
89134 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 89134, NV
How much do homes in 89134, NV cost?
Median Sold Price
$479,366
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 89134 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 89134 was $479,366 in May 2024, up 4.9% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $365K | +21.7% |
| 2 Bedrooms | $399.5K | $420.2K | +5.2% |
| 3 Bedrooms | $589.5K | $640K | +8.6% |
| 4 Bedrooms | $680K | $731.2K | +7.5% |
| 5+ Bedrooms | $1.4M | $1.1M | -17.5% |
Summary: 89134 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in 89134, NV
How many homes are available in 89134, NV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 238 | 238 | 0.0% |
Summary: The 89134 real estate market had 238 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 145 | 149 | +2.8% |
| 3 Bedrooms | 56 | 52 | -7.1% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 89134 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 2.8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 84 | -4.5% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 89134, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in 89134 in May 2024, down by 4.5% month-over-month. Of the 84 sold homes, 62% were sold under asking, 20% were sold at asking, and 18% were sold over asking.
Days on Market for 89134, NV
How long does it take to sell a home in 89134, NV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 34 Days | -35.8% |
Summary: Homes in 89134 had an average of 34 days on market in May 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 89134 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 84 homes were sold in 89134; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% 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.