Market Intelligence · NV / Las Vegas

Las Vegas, NV 89118 Housing Market

The typical home value in Las Vegas 89118 is $328,056, down 5.4% over the past year. The median list price stands at $337,475, with homes staying on the market for a median of 60 days.

Updated June 2026Median value$328K

The median home value in Las Vegas, NV 89118 is $328K as of June 2026, down 5.4% 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

$302K to $354K

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

-5.4% over 12 months

Typical home value in 89118 over the last 12 months: $347K in Jun 2025 to $328K in Jun 2026 (-5.4%).

Jun 2025$347K

Jun 2026$328K

The numbers

What is the 89118 housing market like?

Typical home value

$328K

Down5.4%YoY

Median list price

$337K

Days on market

60

Flat0.0%MoM

Homes for sale

139

Price cuts

18.2%

New listings

44

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

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The comparison

How do 89118 home prices compare?

  • 89118$328,056
  • Las Vegas$414,692
  • Nevada$420,721
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Vegas: 44 ZIPs; Nevada: 133 ZIPs; United States: 26,270 ZIPs).

Context

89118 currently has 139 homes for sale with 44 new listings as of June 2026. The median days on market of 60 indicates a moderately paced sales environment. About 18.2% of listings have seen price cuts, reflecting softening buyer demand. The year-over-year value decline of 5.4% suggests continued downward pressure on home prices. For sellers, this is a buyer-friendly market where pricing strategy and realistic expectations are essential.

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