ZIP 89118 Housing Market Report
Las Vegas Metro
Report period: July 2026
89118 Monthly Market Update – July 2026
ZIP 89118 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$366,000
+4.6%
Median DOM (Sales)
47
−2.1%
New Listings (Sales)
15
−72.7%
Median Rent
$1,595
−1.2%
Median DOM (Rental)
23
+4.5%
Total Rental Listings
176
+1.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (42 DOM)
- Fastest renting: Townhouse (19 DOM)
- Strongest bedroom: 6 Beds ($1,550,000 median)
Sales Market Overview
Median Price
$366,000
+4.6%
Median DOM
47
−2.1%
New Listings
15
−72.7%
Inventory
213
−2.7%
- Average Price: $623,416
- Median Price: $366,000
- Price Range: $152,000 – $5,000,000
- Price per Sq Ft (Avg/Median): $273 / $251
- Square Footage (Avg/Median): 1,953 / 1,425
- Square Footage Range: 494 – 8,091
- Days on Market (Avg/Median): 82 / 47
- Days on Market Range: 2 – 364
- New Listings: 15
- Total Listings: 213
Sales by Property Type
Condo
Avg/Median Price$232,163 / $229,900Range$152,000 – $314,900Price per Sq Ft$241 / $237Sq Ft978 / 989DOM93 / 47New7Total86
Land
Avg/Median Price$1,906,110 / $2,400,000Range$225,000 – $4,000,000Price per Sq Ft—Sq Ft—DOM142 / 101New0Total9
Single Family
Avg/Median Price$898,362 / $620,000Range$309,900 – $5,000,000Price per Sq Ft$306 / $261Sq Ft2,885 / 2,641DOM68 / 44New7Total97
Townhouse
Avg/Median Price$405,975 / $370,000Range$269,000 – $849,000Price per Sq Ft$254 / $244Sq Ft1,641 / 1,480DOM76 / 42New1Total21
Sales by Bedroom Count
1 Beds
Avg:$248,366Median:$195,000Range:$152,000 – $1,550,000PSF:$298 / $269Sq Ft:755 / 744DOM:90 / 47New:1Total:24
2 Beds
Avg:$272,727Median:$260,000Range:$179,899 – $1,350,000PSF:$254 / $238Sq Ft:1,058 / 1,034DOM:105 / 63New:4Total:59
3 Beds
Avg:$406,167Median:$370,000Range:$220,000 – $1,000,000PSF:$263 / $247Sq Ft:1,535 / 1,438DOM:58 / 38New:4Total:50
4 Beds
Avg:$889,396Median:$620,000Range:$366,000 – $3,200,000PSF:$274 / $243Sq Ft:3,086 / 2,690DOM:59 / 38New:6Total:47
5 Beds
Avg:$1,111,214Median:$750,000Range:$570,000 – $5,000,000PSF:$305 / $226Sq Ft:3,393 / 3,005DOM:53 / 40New:0Total:14
6 Beds
Avg:$1,658,000Median:$1,550,000Range:$720,000 – $2,699,000PSF:$331 / $296Sq Ft:4,961 / 5,234DOM:127 / 48New:0Total:8
7 Beds
Avg:$1,325,000Median:$1,250,000Range:$1,250,000 – $1,399,999PSF:$299 / $293Sq Ft:4,423 / 4,269DOM:201 / 100New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $248,366 | $195,000 | $152,000 – $1,550,000 | $298 / $269 | 755 / 744 | 90 / 47 | 1 | 24 |
| 2 Beds | $272,727 | $260,000 | $179,899 – $1,350,000 | $254 / $238 | 1,058 / 1,034 | 105 / 63 | 4 | 59 |
| 3 Beds | $406,167 | $370,000 | $220,000 – $1,000,000 | $263 / $247 | 1,535 / 1,438 | 58 / 38 | 4 | 50 |
| 4 Beds | $889,396 | $620,000 | $366,000 – $3,200,000 | $274 / $243 | 3,086 / 2,690 | 59 / 38 | 6 | 47 |
| 5 Beds | $1,111,214 | $750,000 | $570,000 – $5,000,000 | $305 / $226 | 3,393 / 3,005 | 53 / 40 | 0 | 14 |
| 6 Beds | $1,658,000 | $1,550,000 | $720,000 – $2,699,000 | $331 / $296 | 4,961 / 5,234 | 127 / 48 | 0 | 8 |
| 7 Beds | $1,325,000 | $1,250,000 | $1,250,000 – $1,399,999 | $299 / $293 | 4,423 / 4,269 | 201 / 100 | 0 | 2 |
Rental Market Overview
Median Rent
$1,595
−1.2%
Median DOM
23
+4.5%
New Listings
24
Inventory
176
+1.7%
- Average Rent: $1,829
- Median Rent: $1,595
- Rent Range: $750 – $9,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,349 / 1,091
- Square Footage Range: 494 – 5,446
- Days on Market (Avg/Median): 43 / 23
- Days on Market Range: 1 – 359
- New Listings: 24
- Total Listings: 176
Rentals by Property Type
Apartment
$1,398
Median DOM: 33
Inventory: 15
MoM: −1.2%
Condo
$1,400
Median DOM: 24
Inventory: 91
MoM: −1.2%
Single Family
$2,350
Median DOM: 21
Inventory: 50
MoM: −1.2%
Townhouse
$1,799
Median DOM: 19
Inventory: 19
MoM: −1.2%
Apartment
Avg/Median Rent$1,648 / $1,398Range$899 – $3,690Rent per Sq Ft$2 / $2Sq Ft878 / 814DOM136 / 33New0Total15
Condo
Avg/Median Rent$1,426 / $1,400Range$950 – $2,150Rent per Sq Ft$2 / $1Sq Ft964 / 965DOM46 / 24New15Total91
Multi-Family
Avg/Median Rent$1,700 / $1,700Range$1,700 – $1,700Rent per Sq Ft$1 / $1Sq Ft1,427 / 1,427DOM24 / 24New0Total1
Single Family
Avg/Median Rent$2,625 / $2,350Range$750 – $9,500Rent per Sq Ft$1 / $1Sq Ft2,180 / 2,100DOM41 / 21New8Total50
Townhouse
Avg/Median Rent$1,815 / $1,799Range$1,225 – $2,495Rent per Sq Ft$1 / $1Sq Ft1,372 / 1,297DOM23 / 19New1Total19
Rentals by Bedroom Count
Studio
Avg:$1,726Median:$1,726Range:$1,726 – $1,726PSF:$3 / $3Sq Ft:578 / 578DOM:—New:0Total:1
1 Beds
Avg:$1,231Median:$1,200Range:$750 – $1,950PSF:$2 / $2Sq Ft:772 / 755DOM:51 / 25New:5Total:40
2 Beds
Avg:$1,557Median:$1,500Range:$1,200 – $2,500PSF:$1 / $1Sq Ft:1,083 / 1,036DOM:41 / 21New:11Total:73
3 Beds
Avg:$1,896Median:$1,800Range:$1,495 – $3,690PSF:$1 / $1Sq Ft:1,447 / 1,468DOM:27 / 15New:7Total:36
4 Beds
Avg:$3,010Median:$2,645Range:$2,350 – $7,500PSF:$1 / $1Sq Ft:2,499 / 2,462DOM:50 / 40New:1Total:13
5 Beds
Avg:$3,919Median:$2,900Range:$2,200 – $9,500PSF:$1 / $1Sq Ft:3,340 / 2,751DOM:77 / 46New:0Total:12
6 Beds
Avg:$2,799Median:$2,799Range:$2,799 – $2,799PSF:$1 / $1Sq Ft:2,212 / 2,212DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,726 | $1,726 | $1,726 – $1,726 | $3 / $3 | 578 / 578 | — | 0 | 1 |
| 1 Beds | $1,231 | $1,200 | $750 – $1,950 | $2 / $2 | 772 / 755 | 51 / 25 | 5 | 40 |
| 2 Beds | $1,557 | $1,500 | $1,200 – $2,500 | $1 / $1 | 1,083 / 1,036 | 41 / 21 | 11 | 73 |
| 3 Beds | $1,896 | $1,800 | $1,495 – $3,690 | $1 / $1 | 1,447 / 1,468 | 27 / 15 | 7 | 36 |
| 4 Beds | $3,010 | $2,645 | $2,350 – $7,500 | $1 / $1 | 2,499 / 2,462 | 50 / 40 | 1 | 13 |
| 5 Beds | $3,919 | $2,900 | $2,200 – $9,500 | $1 / $1 | 3,340 / 2,751 | 77 / 46 | 0 | 12 |
| 6 Beds | $2,799 | $2,799 | $2,799 – $2,799 | $1 / $1 | 2,212 / 2,212 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$299,990Median DOM:71New:34Total:186
Mar 2026
Median Price:$316,000Median DOM:67New:44Total:192
Apr 2026
Median Price:$319,000Median DOM:59New:36Total:200
May 2026
Median Price:$309,000Median DOM:61New:48Total:210
Jun 2026
Median Price:$349,900Median DOM:48New:55Total:219
Jul 2026
Median Price:$366,000Median DOM:47New:15Total:213
6-Month Rental Trend
Feb 2026
Median Rent:$1,595Median DOM:30New:60Total:184
Mar 2026
Median Rent:$1,595Median DOM:28New:68Total:180
Apr 2026
Median Rent:$1,600Median DOM:26New:64Total:198
May 2026
Median Rent:$1,595Median DOM:26New:56Total:182
Jun 2026
Median Rent:$1,615Median DOM:22New:62Total:173
Jul 2026
Median Rent:$1,595Median DOM:23New:24Total:176
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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