Market Intelligence · NV / Las Vegas

Las Vegas, NV 89118 Housing Market

The typical home value in 89118 is $319,651, down 5.6% over the past year. The median list price stands at $342,475, with homes spending a median of 72 days on market as of September 2026.

Updated September 2026Median value$320K

The median home value in Las Vegas, NV 89118 is $320K as of September 2026, down 5.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 89118 range

$294K to $345K

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

-5.6% over 12 months

Sep 2025$338K

Low $320KHigh $338K

Sep 2026$320K

The numbers

What is the 89118 housing market like?

As of September 2026

Typical home value

$320K

5.6%YoY

Median list price

$342K

3.8%MoM

Days on market

18.0%MoM

Homes for sale

135

0.7%MoM

Price cuts

20.0%

14.4%MoM

New listings

16.7%MoM

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

The outlook

89118 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89118 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 89118 fell 5.6%, per the Zillow Home Value Index.

Will home prices drop in 89118?

Zillow's forecast says they may: it expects typical home values in 89118 to fall 1.7% by September 2027, after a 5.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 89118 home prices compare?

89118$319,651
Las Vegas$405,943
Nevada$417,293
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Vegas: 44 ZIPs; Nevada: 133 ZIPs; United States: 26,262 ZIPs).

Context

89118 has 135 homes for sale as of September 2026, with 30 new listings added in that same month. The median list price is $342,475 while typical home values have declined 5.6% year over year to $319,651. Homes are taking 72 days to sell on average. If you are thinking about listing, be aware that values are softening and you may face a longer marketing period than in stronger markets.

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Down payment20% · $63,930

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Common questions

What people ask us.

What is the typical home value in 89118?

The typical home value is $319,651 as of September 2026, down 5.6% over the past year.

How long do homes take to sell in 89118?

The median days on market is 72 as of September 2026.

What is the median list price in 89118?

The median list price is $342,475 as of September 2026.

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