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About the 89144 Housing Market

89144 is popular zip code in Northwest Las VegasGraph with house, magnifying glass, newspapers and the words 89144, Ballen Housing Market News. This area is known as Summerlin which is a Master Planned Community. Many wonder how much average home prices are in 89144, and this end of year report can guide you to the numbers you need. There were 1,230 new listings placed in the MLS in this zip code in 2017. 1,067 homes sold in this zip code including single family, condos and townhomes.

The Las Vegas Real Estate Market has rebounded and is booming with inventory down and home prices up. At the end of 2017, there were 2 months of inventory in 89144. It’s a seller’s market in 89144.

That means buyers should come in motivated with their offers, and sellers should price their home to market and may see multiple offers when doing so. Seller’s should not overprice their home believing the inventory shortage will bring them a higher than the market price. Recent home sales in like models will dictate the probable market value of your home.

Having a pre-appraisal on your property can help set the price appropriately. It’s worth spending a few hundred dollars to know what a buyer with a loan will probably see at appraisal time. If a seller does set his price at higher than an appraised value, he can negotiate for a cash difference, if the buyer has it to purchase.

To buy or sell a property in 89144, Contact Lori Ballen Team at Keller Williams.

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Average Home Price

The average home price (all property types) in 2017 in 89144 wrapped up at $392,007, an increase of nearly 10% over 2016’s average home price of $356,209.

Average Home Prices by Property Type:

Average Rental Price

The average rental home price in 2017 for this zip code was 2,948 not far off from 2016’s $2,960 average rental price for all homes in the Greater Las Vegas Zip Codes.

Average Days on Market

The average days that a property sold in 2017 in 89144 was 34 days from list date to close date which was less than 2016’s 45-day average. These results calculated from 1,067 listings sold.

List to Sales Ratio

Sellers, on average, received 98.5% of their asking price.

Average Price per Square Foot

The Average price per square foot was $84 which is on track for the rest of the Greater Las Vegas Area.

Monthly Listing Volume

Month Active Listings, $ Volume
Jan $70,400,038
Feb $66,820,393
Mar $73,958,104
Apr $60,300,201
May $64,649,621
Jun $71,215,695
Jul $75,012,155
Aug $73,640,891
Sep $65,212,319
Oct $62,204,358
Nov $60,174,770
Dec $58,255,271

Expired Listings

There were 1,273 listings that expired in 2017. This is important to note that even in a seller’s market, homes not priced or marketed well can still not sell.

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