Market Intelligence · NV / Las Vegas

Las Vegas, NV 89131 Housing Market

In Las Vegas 89131, the typical home value sits at $543,327, down 2.6% over the past year. The median list price is $680,000, with homes spending a median of 52 days on market.

Updated June 2026Median value$543K

The median home value in Las Vegas, NV 89131 is $543K as of June 2026, down 2.6% 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

$500K to $587K

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

-2.6% over 12 months

Typical home value in 89131 over the last 12 months: $558K in Jun 2025 to $543K in Jun 2026 (-2.6%).

Jun 2025$558K

Jun 2026$543K

The numbers

What is the 89131 housing market like?

Typical home value

$543K

Down2.6%YoY

Median list price

$680K

Days on market

52

Up10.6%MoM

Homes for sale

188

Price cuts

26.6%

New listings

74

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

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The comparison

How do 89131 home prices compare?

  • 89131$543,327
  • 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

The 89131 ZIP has 188 homes for sale as of June 2026, with 74 new listings entering the market recently. Roughly 26.6% of listings have seen price reductions, suggesting sellers are adjusting to buyer resistance. At 52 days median time on market, properties are moving at a moderate pace. The gap between typical home value and median list price reflects asking prices that exceed what homes are actually worth. For sellers, this is a buyer's market where pricing aggressively and being flexible on terms will matter more than hoping for a quick sale at top dollar.

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