Market Intelligence · NV / Las Vegas

Las Vegas, NV 89131 Housing Market

The typical home value in 89131 is $532,899, down 1.8% over the past year. The median list price stands at $597,475, with homes taking a median of 55 days to sell as of September 2026.

Updated September 2026Median value$533K

The median home value in Las Vegas, NV 89131 is $533K as of September 2026, down 1.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 89131 range

$490K to $576K

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

-1.8% over 12 months

Sep 2025$543K

Low $533KHigh $543K

Sep 2026$533K

The numbers

What is the 89131 housing market like?

As of September 2026

Typical home value

$533K

1.8%YoY

Median list price

$597K

3.6%MoM

Days on market

7.8%MoM

Homes for sale

220

3.5%MoM

Price cuts

32.3%

5.9%MoM

New listings

43.5%MoM

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

The outlook

89131 housing market forecast 2027

-1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89131 to fall 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 89131 fell 1.8%, per the Zillow Home Value Index.

Will home prices drop in 89131?

Zillow's forecast says they may: it expects typical home values in 89131 to fall 1.1% by September 2027, after a 1.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 89131 home prices compare?

89131$532,899
Las Vegas$405,943
Nevada$417,293
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Vegas: 44 ZIPs; Nevada: 133 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 220 homes for sale in 89131, with 52 new listings added recently. The median time on market is 55 days. Nearly one third of listings, specifically 32.3%, have seen price reductions. Values have declined modestly over the past year, suggesting sellers should be realistic about pricing and prepared for a market where buyer leverage is meaningful.

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Common questions

What people ask us.

What is a typical home value in 89131?

The typical home value is $532,899, down 1.8% over the past year as of September 2026.

How long do homes stay on the market in 89131?

The median days on market is 55 as of September 2026.

What share of homes have had price cuts?

As of September 2026, 32.3% of listings have seen a price reduction.

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Nearby ZIP markets.

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