ZIP 89118 Housing Market Report
Las Vegas Metro
Report period: August 2026
89118 Monthly Market Update – August 2026
ZIP 89118 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$370,000
+2.2%
Median DOM (Sales)
46
0.0%
New Listings (Sales)
12
−73.3%
Median Rent
$1,595
0.0%
Median DOM (Rental)
26
+4.0%
Total Rental Listings
179
−0.6%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (24 DOM)
- Fastest renting: Single Family (15 DOM)
- Strongest bedroom: 6 Beds ($1,550,000 median)
Sales Market Overview
Median Price
$370,000
+2.2%
Median DOM
46
0.0%
New Listings
12
−73.3%
Inventory
212
+3.4%
- Average Price: $617,741
- Median Price: $370,000
- Price Range: $149,900 – $5,000,000
- Price per Sq Ft (Avg/Median): $273 / $250
- Square Footage (Avg/Median): 1,942 / 1,425
- Square Footage Range: 494 – 8,091
- Days on Market (Avg/Median): 79 / 46
- Days on Market Range: 2 – 362
- New Listings: 12
- Total Listings: 212
Sales by Property Type
Condo
Avg/Median Price$228,494 / $229,900Range$149,900 – $314,900Price per Sq Ft$240 / $235Sq Ft967 / 989DOM83 / 46New4Total82
Land
Avg/Median Price$1,861,666 / $2,400,000Range$225,000 – $3,600,000Price per Sq Ft—Sq Ft—DOM158 / 101New0Total9
Single Family
Avg/Median Price$890,340 / $625,000Range$309,900 – $5,000,000Price per Sq Ft$306 / $260Sq Ft2,862 / 2,641DOM74 / 46New5Total97
Townhouse
Avg/Median Price$379,445 / $349,900Range$269,000 – $675,000Price per Sq Ft$251 / $242Sq Ft1,553 / 1,447DOM54 / 24New3Total24
Sales by Bedroom Count
1 Beds
Avg:$247,158Median:$195,000Range:$149,900 – $1,550,000PSF:$297 / $269Sq Ft:752 / 700DOM:92 / 62New:1Total:24
2 Beds
Avg:$273,212Median:$259,000Range:$180,000 – $1,250,000PSF:$252 / $234Sq Ft:1,073 / 1,034DOM:82 / 62New:4Total:57
3 Beds
Avg:$456,970Median:$370,000Range:$220,000 – $1,780,000PSF:$273 / $250Sq Ft:1,628 / 1,439DOM:57 / 39New:4Total:55
4 Beds
Avg:$869,588Median:$620,000Range:$419,850 – $2,998,000PSF:$266 / $238Sq Ft:3,098 / 2,751DOM:69 / 41New:3Total:44
5 Beds
Avg:$1,106,571Median:$750,000Range:$565,000 – $5,000,000PSF:$304 / $222Sq Ft:3,393 / 3,005DOM:69 / 63New:0Total:14
6 Beds
Avg:$1,674,000Median:$1,550,000Range:$720,000 – $2,649,000PSF:$346 / $297Sq Ft:4,743 / 4,980DOM:163 / 88New:0Total:6
7 Beds
Avg:$1,256,666Median:$1,250,000Range:$1,120,000 – $1,399,999PSF:$286 / $293Sq Ft:4,395 / 4,338DOM:154 / 120New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $247,158 | $195,000 | $149,900 – $1,550,000 | $297 / $269 | 752 / 700 | 92 / 62 | 1 | 24 |
| 2 Beds | $273,212 | $259,000 | $180,000 – $1,250,000 | $252 / $234 | 1,073 / 1,034 | 82 / 62 | 4 | 57 |
| 3 Beds | $456,970 | $370,000 | $220,000 – $1,780,000 | $273 / $250 | 1,628 / 1,439 | 57 / 39 | 4 | 55 |
| 4 Beds | $869,588 | $620,000 | $419,850 – $2,998,000 | $266 / $238 | 3,098 / 2,751 | 69 / 41 | 3 | 44 |
| 5 Beds | $1,106,571 | $750,000 | $565,000 – $5,000,000 | $304 / $222 | 3,393 / 3,005 | 69 / 63 | 0 | 14 |
| 6 Beds | $1,674,000 | $1,550,000 | $720,000 – $2,649,000 | $346 / $297 | 4,743 / 4,980 | 163 / 88 | 0 | 6 |
| 7 Beds | $1,256,666 | $1,250,000 | $1,120,000 – $1,399,999 | $286 / $293 | 4,395 / 4,338 | 154 / 120 | 0 | 3 |
Rental Market Overview
Median Rent
$1,595
0.0%
Median DOM
26
+4.0%
New Listings
24
Inventory
179
−0.6%
- Average Rent: $1,831
- Median Rent: $1,595
- Rent Range: $750 – $9,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,357 / 1,091
- Square Footage Range: 494 – 5,446
- Days on Market (Avg/Median): 44 / 26
- Days on Market Range: 1 – 352
- New Listings: 24
- Total Listings: 179
Rentals by Property Type
Apartment
$1,481
Median DOM: 33
Inventory: 13
MoM: 0.0%
Condo
$1,395
Median DOM: 30
Inventory: 91
MoM: 0.0%
Single Family
$2,220
Median DOM: 15
Inventory: 56
MoM: 0.0%
Townhouse
$1,900
Median DOM: 29
Inventory: 18
MoM: 0.0%
Apartment
Avg/Median Rent$1,719 / $1,481Range$899 – $3,690Rent per Sq Ft$2 / $2Sq Ft855 / 814DOM33 / 33New0Total13
Condo
Avg/Median Rent$1,422 / $1,395Range$940 – $3,450Rent per Sq Ft$2 / $1Sq Ft970 / 949DOM48 / 30New9Total91
Multi-Family
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$1 / $1Sq Ft1,427 / 1,427DOM54 / 54New0Total1
Single Family
Avg/Median Rent$2,502 / $2,220Range$750 – $9,500Rent per Sq Ft$1 / $1Sq Ft2,103 / 2,010DOM40 / 15New12Total56
Townhouse
Avg/Median Rent$1,907 / $1,900Range$1,225 – $2,495Rent per Sq Ft$1 / $1Sq Ft1,356 / 1,265DOM35 / 29New3Total18
Rentals by Bedroom Count
Studio
Avg:$1,971Median:$1,971Range:$1,971 – $1,971PSF:$3 / $3Sq Ft:578 / 578DOM:—New:0Total:1
1 Beds
Avg:$1,234Median:$1,175Range:$750 – $2,024PSF:$2 / $2Sq Ft:767 / 744DOM:48 / 28New:2Total:41
2 Beds
Avg:$1,541Median:$1,475Range:$1,199 – $2,500PSF:$1 / $1Sq Ft:1,065 / 1,034DOM:42 / 25New:12Total:70
3 Beds
Avg:$1,977Median:$1,850Range:$1,485 – $3,690PSF:$1 / $1Sq Ft:1,510 / 1,468DOM:32 / 18New:7Total:39
4 Beds
Avg:$2,698Median:$2,599Range:$2,190 – $3,495PSF:$1 / $1Sq Ft:2,439 / 2,440DOM:47 / 20New:2Total:16
5 Beds
Avg:$4,026Median:$2,850Range:$2,200 – $9,500PSF:$1 / $1Sq Ft:3,295 / 2,751DOM:82 / 66New:1Total:11
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 | $1,971 | $1,971 | $1,971 – $1,971 | $3 / $3 | 578 / 578 | — | 0 | 1 |
| 1 Beds | $1,234 | $1,175 | $750 – $2,024 | $2 / $2 | 767 / 744 | 48 / 28 | 2 | 41 |
| 2 Beds | $1,541 | $1,475 | $1,199 – $2,500 | $1 / $1 | 1,065 / 1,034 | 42 / 25 | 12 | 70 |
| 3 Beds | $1,977 | $1,850 | $1,485 – $3,690 | $1 / $1 | 1,510 / 1,468 | 32 / 18 | 7 | 39 |
| 4 Beds | $2,698 | $2,599 | $2,190 – $3,495 | $1 / $1 | 2,439 / 2,440 | 47 / 20 | 2 | 16 |
| 5 Beds | $4,026 | $2,850 | $2,200 – $9,500 | $1 / $1 | 3,295 / 2,751 | 82 / 66 | 1 | 11 |
| 6 Beds | $2,799 | $2,799 | $2,799 – $2,799 | $1 / $1 | 2,212 / 2,212 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:$362,000Median DOM:46New:45Total:205
Aug 2026
Median Price:$370,000Median DOM:46New:12Total:212
6-Month Rental Trend
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:25New:58Total:180
Aug 2026
Median Rent:$1,595Median DOM:26New:24Total:179
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory tightened.
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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