Market Intelligence · NV / Las Vegas

Las Vegas, NV 89138 Housing Market

Homes in Las Vegas 89138 are valued at $757,906 on average, down 3.7% over the past year. The median list price stands at $849,750, with homes taking 50 days on average to sell.

Updated September 2026Median value$758K

The median home value in Las Vegas, NV 89138 is $758K as of September 2026, down 3.7% 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 89138 range

$697K to $819K

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

-3.7% over 12 months

Sep 2025$787K

Low $758KHigh $787K

Sep 2026$758K

The numbers

What is the 89138 housing market like?

As of September 2026

Typical home value

$758K

3.7%YoY

Median list price

$850K

1.2%MoM

Days on market

0.0%MoM

Homes for sale

263

3.0%MoM

Price cuts

26.8%

5.2%MoM

New listings

7.9%MoM

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

The outlook

89138 housing market forecast 2027

-1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89138 to fall 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 89138 fell 3.7%, per the Zillow Home Value Index.

Will home prices drop in 89138?

Zillow's forecast says they may: it expects typical home values in 89138 to fall 1.3% by September 2027, after a 3.7% 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 89138 home prices compare?

89138$757,906
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

The neighborhood has 263 homes for sale as of September 2026, with 82 new listings entering the market. Median days on market sits at 50, indicating a gradual sales pace. Nearly 27% of listings have already seen price cuts, a sign that sellers are adjusting to current market conditions. The decline in typical home value suggests that buyers have more negotiating room, though patience will be required to find the right property at the right price.

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Down payment20% · $151,581

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Common questions

What people ask us.

What is the typical home value in 89138?

The typical home value in 89138 is $757,906, down 3.7% over the past year as of September 2026.

How long do homes stay on the market in 89138?

The median days on market is 50 as of September 2026.

What share of homes have seen price cuts?

As of September 2026, 26.8% of listings in 89138 have a price cut.

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Nearby ZIP markets.

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