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Market Intelligence · NV / Las Vegas

Las Vegas, NV 89161 Housing Market

The typical home value in Las Vegas, NV 89161 is $1,027,027, down 4.8% over the past year as of September 2026. The median list price is $992,500, and homes are spending a median of 80 days on the market. Sellers here should expect a slower, softer market than a year ago.

Updated September 2026Median value$1027K

The median home value in Las Vegas, NV 89161 is $1.03M as of September 2026, down 4.8% 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 89161 range

$945K to $1.11M

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

-4.8% over 12 months

Typical home value in 89161 over the last 12 months: $1.08M in Sep 2025 to $1.03M in Sep 2026 (-4.8%).

Sep 2025$1.08M

Sep 2026$1.03M

The numbers

What is the 89161 housing market like?

Typical home value

$1.03M

Down4.8%YoY

Median list price

$993K

Down7.0%MoM

Days on market

80

Down57.0%MoM

Homes for sale

4

Up100.0%MoM

Price cuts

40.0%

New listings

0

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

The outlook

89161 housing market forecast 2027

-1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 89161 to fall 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 89161 fell 4.8%, per the Zillow Home Value Index.

Will home prices drop in 89161?

Zillow's forecast says they may: it expects typical home values in 89161 to fall 1.2% by September 2027, after a 4.8% 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 89161 home prices compare?

  • 89161$1,027,027
  • 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 89161 market in Las Vegas is working through a quiet stretch. Only 4 homes were for sale as of September 2026, so each sale carries more weight in the data. The median list price of $992,500 sits below the typical home value of $1,027,027, which has fallen 4.8% over the past year. Homes are taking a median of 80 days to sell, and 40.0% of listings have had a price cut. For a seller, the honest read is that buyers have time and leverage, and pricing right from the start matters more than aiming high.

Monthly payment

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20% · $205,405

Common questions

What people ask us.

How much is a home in 89161 worth?

The typical home value in 89161 is $1,027,027 as of September 2026, down 4.8% over the past year.

How long does it take to sell a home in 89161?

Homes in 89161 are spending a median of 80 days on the market as of September 2026. With only 4 homes for sale, sellers face thin but patient competition.

Are sellers in 89161 cutting prices?

Yes. As of September 2026, 40.0% of listings in 89161 had a price cut, with a median list price of $992,500.

Discover

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