Cory S. Yeager, Listing Office: Key Realty
89120 Housing Market Report December 2024•Clark County, Nevada
Housing Prices in 89120, NV
How much do homes in 89120, NV cost?
Housing Market Conditions
Is 89120, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
89120 is a Seller's Market
Difference Since December 2023
Since last year, 89120 has remained a Seller's Market.
89120 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 89120 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 89120 was $382,566 in December 2024, up 10.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $168.7K | $181K | +7.3% |
22 Bedrooms | $225.5K | $223.5K | -0.9% |
33 Bedrooms | $367.5K | $380K | +3.4% |
44 Bedrooms | $489K | $487.5K | -0.3% |
55+ Bedrooms | $762K | $622.5K | -18.3% |
Summary: 89120 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +7.3%. The home price for 2 bedroom homes decreased by -0.9%. The home price for 3 bedroom homes increased by +3.4%. The home price for 4 bedroom homes decreased by -0.3%. The home price for 5 bedroom homes decreased by -18.3%.
Housing supply in 89120, NV
How many homes are available in 89120, NV?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
145Last MonthDec 2024 | ||
1472 months agoNov 2024 | -1.4 % Change MoMNov – Dec |
Summary: The 89120 real estate market had 145 homes for sale in Dec 2024, a 1.4 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
30Last MonthDec 2024 | ||
242 months agoNov 2024 | +25.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 2 | 0.0% |
22 Bedrooms | 36 | 37 | +2.8% |
33 Bedrooms | 41 | 44 | +7.3% |
44 Bedrooms | 50 | 46 | -8.0% |
55+ Bedrooms | 18 | 16 | -11.1% |
Summary: 89120 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +2.8%. The inventory for 3 bedroom homes increased by +7.3%. The inventory for 4 bedroom homes decreased by -8.0%. The inventory for 5 bedroom homes decreased by -11.1%.
Asking Price vs. Sold Price
How much do homes in 89120, NV cost?
Over Asking Price4 Homes
At Asking Price8 Homes
Under Asking Price18 Homes
If you're buying a home in 89120, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 89120 in December 2024, up by 25.0% month-over-month. Of the 30 sold homes, 60% were sold under asking, 27% were sold at asking, and and 13% were sold over asking.
Days on Market for 89120, NV
How long does it take to sell a home in 89120, NV?
Breakdown of Home Sale Times
Under 30 Days17 Homes
30 – 90 Days12 Homes
Over 90 Days1 Home
Many homes in 89120 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 30 homes were sold in 89120; 57% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
35 DaysThis YearDec 2024 | ||
23 Days1 year agoDec 2023 | +50.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 89120 had an average listing age of 35 days in Dec 2024, up by 50.7% compared to the previous year.
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MLS Disclaimers and Copyright
Based on information from Greater Las Vegas MLS, for the period 01/01/2023 - 01/01/2025
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: 1/18/2025, 7:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.