#2655153, Jody A Lenzie, Listing Office: RE/MAX Advantage
89002 Housing Market Report January 2025•Clark County, Nevada
Housing Prices in 89002, NV
How much do homes in 89002, NV cost?
Housing Market Conditions
Is 89002, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
89002 is a Seller's Market
Difference Since January 2024
Since last year, 89002 has remained a Seller's Market.
89002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 89002 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 89002 was $459,900 in January 2025, up 7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $202.5K | $209.9K | +3.7% |
22 Bedrooms | $310K | $288.5K | -6.9% |
33 Bedrooms | $395K | $423.5K | +7.2% |
44 Bedrooms | $499.5K | $500K | 0.1% |
55+ Bedrooms | $622.5K | $649K | +4.3% |
Summary: 89002 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.7%. The home price for 2 bedroom homes decreased by -6.9%. The home price for 3 bedroom homes increased by +7.2%. The home price for 4 bedroom homes increased by 0.1%. The home price for 5 bedroom homes increased by +4.3%.
Housing supply in 89002, NV
How many homes are available in 89002, NV?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
162Last MonthJan 2025 | ||
1362 months agoDec 2024 | +19.1 % Change MoMDec – Jan |
Summary: The 89002 real estate market had 162 homes for sale in Jan 2025, a 19.1 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
35Last MonthJan 2025 | ||
262 months agoDec 2024 | +34.6 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 3 | 3 | 0.0% |
22 Bedrooms | 14 | 17 | +21.4% |
33 Bedrooms | 59 | 75 | +27.1% |
44 Bedrooms | 39 | 49 | +25.6% |
55+ Bedrooms | 21 | 18 | -14.3% |
Summary: 89002 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +21.4%. The inventory for 3 bedroom homes increased by +27.1%. The inventory for 4 bedroom homes increased by +25.6%. The inventory for 5 bedroom homes decreased by -14.3%.
Asking Price vs. Sold Price
How much do homes in 89002, NV cost?
Over Asking Price5 Homes
At Asking Price6 Homes
Under Asking Price24 Homes
If you're buying a home in 89002, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 89002 in January 2025, up by 34.6% month-over-month. Of the 35 sold homes, 69% were sold under asking, 17% were sold at asking, and and 14% were sold over asking.
Days on Market for 89002, NV
How long does it take to sell a home in 89002, NV?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days14 Homes
Over 90 Days6 Homes
Many homes in 89002 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 35 homes were sold in 89002; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
51 DaysThis YearJan 2025 | ||
31 Days1 year agoJan 2024 | +64.5 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 89002 had an average listing age of 51 days in Jan 2025, up by 64.5% compared to the previous year.
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MLS Disclaimers and Copyright
Based on information from Greater Las Vegas MLS, for the period 02/01/2023 - 02/01/2025
![IDX](https://rocket.com/homes/mls-logos/IDX_568_large.png)
Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/12/2025, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.