Market Intelligence · NV / Las Vegas

Las Vegas, NV 89131 Housing Market

Homes in Las Vegas 89131 have a typical value of $540,040, down 2.5% over the past year. The median list price sits at $654,925, with homes taking 51 days to sell on average.

Updated August 2026Median value$540K

The median home value in Las Vegas, NV 89131 is $540K as of August 2026, down 2.5% 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 89131 range

$497K to $583K

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

-2.5% over 12 months

Typical home value in 89131 over the last 12 months: $554K in Jul 2025 to $540K in Jul 2026 (-2.5%).

Jul 2025$554K

Jul 2026$540K

The numbers

What is the 89131 housing market like?

Typical home value

$540K

Down2.5%YoY

Median list price

$620K

Down5.4%MoM

Days on market

51

Flat0.0%MoM

Homes for sale

228

Up14.6%MoM

Price cuts

34.4%

Up46.6%MoM

New listings

92

Up27.8%MoM

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

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The comparison

How do 89131 home prices compare?

  • 89131$540,040
  • 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

The 89131 market has 199 homes for sale as of July 2026, with 72 new listings added recently. The median time on market is 51 days, indicating a moderate pace of sales. However, price cuts are appearing on 23.4% of listings, a sign that sellers are adjusting expectations. Combined with the 2.5% annual decline in typical home values, the data suggests this is a balanced market where buyers have room to negotiate.

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