#2655180, Christine P. McNaught, Listing Office: Simply Vegas
89138 Housing Market Report January 2025•Clark County, Nevada
Housing Prices in 89138, NV
How much do homes in 89138, NV cost?
Housing Market Conditions
Is 89138, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
89138 is a Neutral Market
Difference Since January 2024
At the same time last year, 89138 was a Seller's Market.
89138 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 89138 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 89138 was $783,506 in January 2025, up 6% from last year, and the median price per square foot was $346.
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | $500K | $546K | +9.2% |
33 Bedrooms | $610K | $670K | +9.8% |
44 Bedrooms | $850K | $895K | +5.3% |
55+ Bedrooms | $1.1M | $1.0M | -7.8% |
Summary: 89138 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +9.2%. The home price for 3 bedroom homes increased by +9.8%. The home price for 4 bedroom homes increased by +5.3%. The home price for 5 bedroom homes decreased by -7.8%.
Housing supply in 89138, NV
How many homes are available in 89138, NV?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
233Last MonthJan 2025 | ||
1802 months agoDec 2024 | +29.4 % Change MoMDec – Jan |
Summary: The 89138 real estate market had 233 homes for sale in Jan 2025, a 29.4 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
34Last MonthJan 2025 | ||
462 months agoDec 2024 | -26.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 12 | 12 | 0.0% |
33 Bedrooms | 64 | 94 | +46.9% |
44 Bedrooms | 87 | 107 | +23.0% |
55+ Bedrooms | 17 | 20 | +17.6% |
Summary: 89138 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 remained the same. The inventory for 3 bedroom homes increased by +46.9%. The inventory for 4 bedroom homes increased by +23.0%. The inventory for 5 bedroom homes increased by +17.6%.
Asking Price vs. Sold Price
How much do homes in 89138, NV cost?
Over Asking Price3 Homes
At Asking Price4 Homes
Under Asking Price27 Homes
If you're buying a home in 89138, you may be able to get a good deal. 79.4% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 89138 in January 2025, down by 26.1% month-over-month. Of the 34 sold homes, 79% were sold under asking, 12% were sold at asking, and and 9% were sold over asking.
Days on Market for 89138, NV
How long does it take to sell a home in 89138, NV?
Breakdown of Home Sale Times
Under 30 Days17 Homes
30 – 90 Days14 Homes
Over 90 Days3 Homes
Many homes in 89138 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 34 homes were sold in 89138; 50% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
40 DaysThis YearJan 2025 | ||
44 Days1 year agoJan 2024 | -9.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 89138 had an average listing age of 40 days in Jan 2025, down by 9.0% 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
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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, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.