10 hours on Rocket
$6,531 Closing Credit¹
#250003123, Meka Reade, Listing Office: RE/MAX Gold-Midtown
89408 Housing Market Report February 2025•Lyon County, Nevada
Housing Prices in 89408, NV
How much do homes in 89408, NV cost?
Housing Market Conditions
Is 89408, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
89408 is a Seller's Market
Difference Since February 2024
Since last year, 89408 has remained a Seller's Market.
Insight
89408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$389,094$240/SqFt
+$14,033
+3.7%
Based on all homes sold in the last 12 months
Insight
Homes in 89408 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 89408 was $389,094 in February 2025, up 3.7% from last year, and the median price per square foot was $240.
Median Sold Price By Zip Codes
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 89429 | $329.9K | $377.5K | +14.4% |
| 89408 | $375K | $389K | +3.7% |
| 89434 | $447.5K | $455K | +1.7% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $295.5K | $294.1K | -0.5% |
| 33 Bedrooms | $365K | $379.4K | +4.0% |
| 44 Bedrooms | $416.7K | $427.6K | +2.6% |
| 55+ Bedrooms | $699.9K | $680K | -2.8% |
Summary: 89408 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -0.5%. The home price for 3 bedroom homes increased by +4.0%. The home price for 4 bedroom homes increased by +2.6%. The home price for 5 bedroom homes decreased by -2.8%.
How does 89408, NV compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
89408, NV
Housing supply in 89408, NV
How many homes are available in 89408, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 138Last MonthFeb 2025 | ||
| 1282 months agoJan 2025 | +7.8 % Change MoMJan – Feb |
Summary: The 89408 real estate market had 138 homes for sale in Feb 2025, a 7.8 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthFeb 2025 | ||
| 252 months agoJan 2025 | +4.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 90 | 103 | +14.4% |
| 44 Bedrooms | 32 | 31 | -3.1% |
| 55+ Bedrooms | 2 | 1 | -50.0% |
Summary: 89408 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes increased by +14.4%. The inventory for 4 bedroom homes decreased by -3.1%. The inventory for 5 bedroom homes decreased by -50.0%.
Asking Price vs. Sold Price
How much do homes in 89408, NV cost?
Over Asking Price6 Homes
At Asking Price12 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in 89408, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in 89408 in February 2025, up by 4.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 46% were sold at asking, and and 23% were sold over asking.
Days on Market for 89408, NV
How long does it take to sell a home in 89408, NV?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days15 Homes
Over 90 Days10 Homes
Insight
Avg time on Rocket Homes in 89408 has remained consistent over time.
Summary: During February 2025, 26 homes were sold in 89408; 4% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 95 DaysThis YearFeb 2025 | ||
| 114 Days1 year agoFeb 2024 | -16.9 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 89408 had an average listing age of 95 days in Feb 2025, down by 16.9% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 89408, NV
What homes are available in 89408, NV?
12 hours on Rocket
$10,000 Closing Credit¹
#250003111, Dena Lopez, Listing Office: Keller Williams Group One Inc.
1 day on Rocket
$5,166 Closing Credit¹
#250003048, Erica Evans-Howey, Listing Office: Coldwell Banker Select Fernley
1 day on Rocket
$5,213 Closing Credit¹
#250003043, Felisa Cusimano-Martin, Listing Office: Dickson Realty - Sparks
2 days on Rocket
$5,282 Closing Credit¹
#250003025, Nancy Wagner, Listing Office: Ferrari-Lund Real Estate Reno
4 days on Rocket
$5,047 Closing Credit¹
#250002926, Mary Gurczynski, Listing Office: BHG Drakulich Realty
4 days on Rocket
$3,563 Closing Credit¹
#250002925, Michele Blair, Listing Office: Coldwell Banker Select Fernley
5 days on Rocket
$4,216 Closing Credit¹
#250002907, Nicole Montero Gozza, Listing Office: Real Broker LLC
6 days on Rocket
#250002859, Steven Foster, Listing Office: eXp Realty
$4,928 Closing Credit¹
#250002647, Tamika Christopher, Listing Office: Sierra Nevada Properties-Frnly
$3,266 Closing Credit¹
#250002614, Aaron Warburton, Listing Office: RE/MAX Professionals-Reno
$7,032 Closing Credit¹
#250002500, Cheyenne Harder, Listing Office: Jenuane Communities
Nearby markets
Nearby markets aren't available for 89408, NV
Popular Cities with Homes for Sale in Nevada
MLS Disclaimers and Copyright
Based on information from Northern Nevada Regional MLS, and Greater Las Vegas MLS for the period 03/01/2023 - 03/01/2025
Copyright © 2025 Northern Nevada Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. 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: 3/14/2025, 12:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.