Is Wells, NV 89835 a buyer’s or seller’s market?
Wells is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wells housing market right now
In the three months ending August 31, 2026, 0% of homes in Wells, NV 89835 sold above their list price, the typical home went under contract in 64 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (73 days then) and the median sale price fell 38% to $162,430. Overall, Wells is more competitive than a year ago, so tougher for buyers.
Within Elko County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Elko 89801 (35% sold over asking) and Spring Creek 89815 (25% sold over asking) are even more competitive.
Run the numbers for 89835
Nearby markets
Deeth 89823 — /sq ftElko 89801Seller’s market $245 /sq ftJackpot 89825 — /sq ftJarbidge 89826 — /sq ft Browse all markets →Towns like Wells nearby
Find towns like Wells in other states →Where Wells is
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Questions about Wells real estate
Is Wells a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Wells, NV 89835 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Wells?
The typical home went under contract in 64 days in the latest three months.
Do homes in Wells sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Wells?
About 0.50% of a home’s value a year in Elko County, or roughly $2,000 on a $400,000 home.
What is the median home price in Wells?
The median sale price was $162,430 in the three months ending August 31, 2026, about $120 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology