89511 Housing Market Report May 2025•Washoe County, Nevada

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Housing Prices in 89511, NV

How much do homes in 89511, NV cost?

Housing Market Conditions

Is 89511, NV a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

89511 is a Buyer's Market

Difference Since May 2024

At the same time last year, 89511 was a Seller's Market.

Insight

89511 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,126,666$410/SqFt
+$20,766
+1.9%

Based on all homes sold in the last 12 months

Insight

Homes in 89511 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 89511 was $1,126,666 in May 2025, up 1.9% from last year, and the median price per square foot was $410.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
89519
+9.2%
89509
+7.2%
89439
+4.6%
89523
+3.1%
89511
+1.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$215K$203.7K
-5.2%
2$445K$437.5K
-1.7%
3$997K$855.3K
-14.2%
4$1.2M$1.3M
+2.5%
5$1.7M$2.2M
+29.3%

Summary: 89511 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.2%. The home price for 2 bedroom homes decreased by -1.7%. The home price for 3 bedroom homes decreased by -14.2%. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes increased by +29.3%.

How does 89511, NV compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

89511, NV

Housing supply in 89511, NV

How many homes are available in 89511, NV?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
215Last MonthMay 2025
1772 months agoApr 2025
+21.5 %
Change MoMApr – May

Summary: The 89511 real estate market had 215 homes for sale in May 2025, a 21.5 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
26Last MonthMay 2025
272 months agoApr 2025
-3.7 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
143
-25.0%
21314
+7.7%
34866
+37.5%
47686
+13.2%
53646
+27.8%

Summary: 89511 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes increased by +7.7%. The inventory for 3 bedroom homes increased by +37.5%. The inventory for 4 bedroom homes increased by +13.2%. The inventory for 5 bedroom homes increased by +27.8%.

Asking Price vs. Sold Price

How much do homes in 89511, NV cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price6 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in 89511, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 89511 in May 2025, down by 3.7% month-over-month. Of the 26 sold homes, 58% were sold under asking, 23% were sold at asking, and and 19% were sold over asking.

Days on Market for 89511, NV

How long does it take to sell a home in 89511, NV?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days14 Homes

Over 90 Days12 Homes

Insight

Avg time on Rocket Homes in 89511 has remained consistent over time.

Summary: During May 2025, 26 homes were sold in 89511; 0% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
140 DaysThis YearMay 2025
72 Days1 year agoMay 2024
+94.0 %
Change YoYMay 2024 – May 2025

Summary: Homes in 89511 had an average listing age of 140 days in May 2025, up by 94.0% compared to the previous year.

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Newest Listings in 89511, NV

What homes are available in 89511, NV?

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MLS Disclaimers and Copyright

Based on information from Northern Nevada Regional MLS, for the period 06/01/2023 - 06/01/2025

IDX 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: 6/22/2025, 5:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.