Market Intelligence · NV / Las Vegas

Las Vegas, NV 89131 Housing Market

In Las Vegas, NV 89131, the typical home value is $533,843, down 2.1% over the past year. The median list price is $619,500, and homes are spending a median of 51 days on the market. That gap between value and list price is worth watching if you plan to sell.

Updated August 2026Median value$534K

The median home value in Las Vegas, NV 89131 is $534K as of August 2026, down 2.1% 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

$491K to $577K

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

-2.1% over 12 months

Typical home value in 89131 over the last 12 months: $546K in Aug 2025 to $534K in Aug 2026 (-2.1%).

Aug 2025$546K

Aug 2026$534K

The numbers

What is the 89131 housing market like?

Typical home value

$534K

Down2.1%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 89131 home prices compare?

  • 89131$533,843
  • 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

There are 228 homes for sale in 89131, with 92 new listings hitting the market. The typical home value of $533,843 has slipped 2.1% over the past year, so buyers have gained some leverage. Median days on market is 51, meaning homes are not moving overnight. About 34.4% of listings have taken a price cut, which lines up with the softening values. For a seller, the honest read is that pricing right from the start matters more than it did a year ago.

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