New - 1 day on Rocket3D tour
$5,439 Closing Credit¹
#250001986, Traycey Ebert-Roque, Listing Office: eXp Realty
89431 Housing Market Report January 2025•Washoe County, Nevada
Housing Prices in 89431, NV
How much do homes in 89431, NV cost?
Housing Market Conditions
Is 89431, NV a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
89431 is a Seller's Market
Difference Since January 2024
Since last year, 89431 has remained a Seller's Market.
Insight
89431 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$389,000$290/SqFt
+$10,000
+2.6%
Based on all homes sold in the last 12 months
Insight
Homes in 89431 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 89431 was $389,000 in January 2025, up 2.6% from last year, and the median price per square foot was $290.
Median Sold Price By Zip Codes
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 89502 | $398.7K | $441K | +10.6% |
| 89433 | $410K | $435K | +6.1% |
| 89436 | $535K | $550K | +2.8% |
| 89431 | $379K | $389K | +2.6% |
| 89512 | $360K | $344K | -4.4% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $212.5K | $172.5K | -18.8% |
| 22 Bedrooms | $300K | $293K | -2.3% |
| 33 Bedrooms | $385K | $400K | +3.9% |
| 44 Bedrooms | $435.5K | $445K | +2.2% |
| 55+ Bedrooms | $459K | $502.5K | +9.5% |
Summary: 89431 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -18.8%. The home price for 2 bedroom homes decreased by -2.3%. The home price for 3 bedroom homes increased by +3.9%. The home price for 4 bedroom homes increased by +2.2%. The home price for 5 bedroom homes increased by +9.5%.
Housing supply in 89431, NV
How many homes are available in 89431, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 101Last MonthJan 2025 | ||
| 982 months agoDec 2024 | +3.1 % Change MoMDec – Jan |
Summary: The 89431 real estate market had 101 homes for sale in Jan 2025, a 3.1 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthJan 2025 | ||
| 212 months agoDec 2024 | -14.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 5 | +25.0% |
| 22 Bedrooms | 29 | 28 | -3.4% |
| 33 Bedrooms | 43 | 50 | +16.3% |
| 44 Bedrooms | 20 | 16 | -20.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: 89431 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes decreased by -3.4%. The inventory for 3 bedroom homes increased by +16.3%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 89431, NV cost?
Over Asking Price4 Homes
At Asking Price5 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in 89431, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 89431 in January 2025, down by 14.3% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and and 22% were sold over asking.
Days on Market for 89431, NV
How long does it take to sell a home in 89431, NV?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days5 Homes
Over 90 Days11 Homes
Insight
Most homes in 89431 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 18 homes were sold in 89431; 11% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 61% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 116 DaysThis YearJan 2025 | ||
| 82 Days1 year agoJan 2024 | +41.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 89431 had an average listing age of 116 days in Jan 2025, up by 41.7% compared to the previous year.
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Newest Listings in 89431, NV
What homes are available in 89431, NV?
New - 1 day on Rocket
$4,334 Closing Credit¹
#250001984, Beth Cooney, Listing Office: Dickson Realty - Sparks
New - 3 days on Rocket
$10,000 Closing Credit¹
#250001927, Hollie Fraga, Listing Office: Fathom Realty
New - 7 days on Rocket
$2,838 Closing Credit¹
#250001786, Amber McDade, Listing Office: Realty Boulevard
New - 7 days on Rocket
#250001776, Lisa Moffitt, Listing Office: Dickson Realty - Damonte Ranch
$4,986 Closing Credit¹
#250001754, Wendy Rocha, Listing Office: Realty One Group Eminence
$7,361 Closing Credit¹
#250001746, Alexander Landeck, Listing Office: RE/MAX Professionals-Reno
$4,749 Closing Credit¹
#250001733, Jessica Hodges, Listing Office: Real Broker LLC
$4,869 Closing Credit¹
#250001725, Brian Kincannon, Listing Office: RE/MAX Gold
$5,284 Closing Credit¹
#250001646, Jeanne Hill, Listing Office: LPT Realty, LLC
$4,869 Closing Credit¹
#250001627, Becca Martinez, Listing Office: Harcourts Vanguard
$2,850 Closing Credit¹
#250001617, Andrea Cassidy, Listing Office: PMI Reno
Nearby markets
Nearby markets aren't available for 89431, NV
Popular Cities with Homes for Sale in Nevada
MLS Disclaimers and Copyright
Based on information from Northern Nevada Regional MLS, for the period 02/01/2023 - 02/01/2025
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: 2/22/2025, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.