Market Intelligence · NV / Las Vegas

Las Vegas, NV 89124 Housing Market

The typical home value in 89124 is $519,534, down 5.8% over the past year. With a median list price of $940,325 and homes spending 87 days on the market, the area is showing signs of inventory pressure and slower sales velocity.

Updated August 2026Median value$520K

The median home value in Las Vegas, NV 89124 is $520K as of August 2026, down 5.8% 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 89124 range

$478K to $561K

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

-5.8% over 12 months

Typical home value in 89124 over the last 12 months: $552K in Jul 2025 to $520K in Jul 2026 (-5.8%).

Jul 2025$552K

Jul 2026$520K

The numbers

What is the 89124 housing market like?

Typical home value

$520K

Down5.8%YoY

Median list price

$956K

Up1.7%MoM

Days on market

110

Up26.4%MoM

Homes for sale

36

Flat0.0%MoM

Price cuts

10.5%

Down46.9%MoM

New listings

4

Flat0.0%MoM

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

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The comparison

How do 89124 home prices compare?

  • 89124$519,534
  • 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

Las Vegas 89124 has 36 homes currently for sale, with only 4 new listings as of the most recent data. The median time on market of 87 days indicates properties are taking longer to find buyers. Price cuts appear on 19.8% of active listings, reflecting the downward pressure from the year-over-year decline of 5.8% in typical home values. For sellers, the combination of slower absorption and a shrinking market points to a buyer-favorable environment where pricing strategy matters significantly.

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