Market Intelligence · NV / Las Vegas

Las Vegas, NV 89118 Housing Market

The typical home value in 89118 is $325,403, down 5.5% over the past year. The median list price sits at $375,675, with homes staying on market for a median of 55 days.

Updated August 2026Median value$325K

The median home value in Las Vegas, NV 89118 is $325K as of August 2026, down 5.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 89118 range

$299K to $351K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-5.5% over 12 months

Typical home value in 89118 over the last 12 months: $344K in Jul 2025 to $325K in Jul 2026 (-5.5%).

Jul 2025$344K

Jul 2026$325K

The numbers

What is the 89118 housing market like?

Typical home value

$325K

Down5.5%YoY

Median list price

$356K

Down5.2%MoM

Days on market

61

Up10.9%MoM

Homes for sale

134

Down1.5%MoM

Price cuts

23.4%

Up14.6%MoM

New listings

36

Up28.6%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 89118 home prices compare?

  • 89118$325,403
  • Las Vegas$413,243
  • Nevada$420,873
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Vegas: 44 ZIPs; Nevada: 133 ZIPs; United States: 26,266 ZIPs).

Context

There are 136 homes for sale in this ZIP as of early July 2026, with 28 new listings entering the market recently. About 20.4% of listings have already seen a price cut, reflecting softer buyer demand. The 55-day median time on market suggests properties are taking longer to move compared to a faster-selling market. For sellers, the combination of declining values and rising inventory means you'll want to price competitively from day one.

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