Market Intelligence · NV / Las Vegas

Las Vegas, NV 89118 Housing Market

The typical home value in Las Vegas, NV 89118 is $321,414, down 5.5% over the past year as of 2026-08-01. The median list price stands at $356,000, and homes are spending a median of 61 days on market.

Updated August 2026Median value$321K

The median home value in Las Vegas, NV 89118 is $321K 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

$296K to $347K

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: $340K in Aug 2025 to $321K in Aug 2026 (-5.5%).

Aug 2025$340K

Aug 2026$321K

The numbers

What is the 89118 housing market like?

Typical home value

$321K

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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 89118 home prices compare?

  • 89118$321,414
  • Las Vegas$407,610
  • Nevada$415,320
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Vegas: 44 ZIPs; Nevada: 133 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 134 homes for sale in 89118, with 36 new listings coming to market. The median list price of $356,000 sits above the typical home value of $321,414, which has fallen 5.5% over the past year. A median of 61 days on market gives buyers time to compare options, and 23.4% of listings have taken a price cut. For a seller, this is a cooler market where realistic pricing from day one matters more than testing a high number.

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