ZIP 89118 Housing Market Report
Las Vegas Metro
Report period: May 2026
89118 Monthly Market Update – May 2026
ZIP 89118 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$314,900
−1.3%
Median DOM (Sales)
58
−1.7%
New Listings (Sales)
15
−58.3%
Median Rent
$1,600
0.0%
Median DOM (Rental)
26
0.0%
Total Rental Listings
187
−5.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (44 DOM)
- Fastest renting: Single Family (10 DOM)
- Strongest bedroom: 6 Beds ($1,650,000 median)
Sales Market Overview
Median Price
$314,900
−1.3%
Median DOM
58
−1.7%
New Listings
15
−58.3%
Inventory
203
+1.5%
- Average Price: $617,029
- Median Price: $314,900
- Price Range: $153,000 – $5,000,000
- Price per Sq Ft (Avg/Median): $268 / $251
- Square Footage (Avg/Median): 1,871 / 1,199
- Square Footage Range: 668 – 8,091
- Days on Market (Avg/Median): 87 / 58
- Days on Market Range: 2 – 359
- New Listings: 15
- Total Listings: 203
Sales by Property Type
Condo
Avg/Median Price$234,384 / $229,900Range$153,000 – $349,900Price per Sq Ft$239 / $238Sq Ft995 / 1,024DOM102 / 84New5Total95
Land
Avg/Median Price$1,907,221 / $2,400,000Range$225,000 – $4,000,000Price per Sq Ft—Sq Ft—DOM112 / 90New1Total9
Single Family
Avg/Median Price$988,344 / $620,000Range$299,900 – $5,000,000Price per Sq Ft$307 / $272Sq Ft3,008 / 2,641DOM70 / 48New6Total80
Townhouse
Avg/Median Price$355,675 / $349,900Range$249,000 – $720,000Price per Sq Ft$250 / $244Sq Ft1,465 / 1,265DOM73 / 44New3Total19
Sales by Bedroom Count
1 Beds
Avg:$191,686Median:$194,500Range:$153,000 – $230,000PSF:$259 / $262Sq Ft:747 / 744DOM:95 / 64New:1Total:23
2 Beds
Avg:$252,873Median:$249,000Range:$175,000 – $350,000PSF:$240 / $241Sq Ft:1,053 / 1,034DOM:102 / 78New:4Total:67
3 Beds
Avg:$381,572Median:$364,950Range:$229,000 – $799,987PSF:$253 / $251Sq Ft:1,517 / 1,468DOM:73 / 48New:6Total:48
4 Beds
Avg:$981,009Median:$645,000Range:$366,000 – $3,200,000PSF:$295 / $264Sq Ft:3,145 / 2,690DOM:64 / 44New:2Total:32
5 Beds
Avg:$1,217,215Median:$899,900Range:$580,000 – $5,000,000PSF:$332 / $236Sq Ft:3,544 / 3,222DOM:44 / 27New:1Total:13
6 Beds
Avg:$2,051,000Median:$1,650,000Range:$720,000 – $4,999,000PSF:$380 / $297Sq Ft:5,212 / 5,305DOM:147 / 118New:0Total:9
7 Beds
Avg:$1,375,000Median:$1,350,000Range:$1,350,000 – $1,399,999PSF:$311 / $306Sq Ft:4,423 / 4,269DOM:139 / 38New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $191,686 | $194,500 | $153,000 – $230,000 | $259 / $262 | 747 / 744 | 95 / 64 | 1 | 23 |
| 2 Beds | $252,873 | $249,000 | $175,000 – $350,000 | $240 / $241 | 1,053 / 1,034 | 102 / 78 | 4 | 67 |
| 3 Beds | $381,572 | $364,950 | $229,000 – $799,987 | $253 / $251 | 1,517 / 1,468 | 73 / 48 | 6 | 48 |
| 4 Beds | $981,009 | $645,000 | $366,000 – $3,200,000 | $295 / $264 | 3,145 / 2,690 | 64 / 44 | 2 | 32 |
| 5 Beds | $1,217,215 | $899,900 | $580,000 – $5,000,000 | $332 / $236 | 3,544 / 3,222 | 44 / 27 | 1 | 13 |
| 6 Beds | $2,051,000 | $1,650,000 | $720,000 – $4,999,000 | $380 / $297 | 5,212 / 5,305 | 147 / 118 | 0 | 9 |
| 7 Beds | $1,375,000 | $1,350,000 | $1,350,000 – $1,399,999 | $311 / $306 | 4,423 / 4,269 | 139 / 38 | 0 | 2 |
Rental Market Overview
Median Rent
$1,600
0.0%
Median DOM
26
0.0%
New Listings
28
Inventory
187
−5.6%
- Average Rent: $1,800
- Median Rent: $1,600
- Rent Range: $775 – $9,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,304 / 1,116
- Square Footage Range: 494 – 5,368
- Days on Market (Avg/Median): 48 / 26
- Days on Market Range: 1 – 342
- New Listings: 28
- Total Listings: 187
Rentals by Property Type
Apartment
$1,402
Median DOM: 336
Inventory: 15
MoM: 0.0%
Condo
$1,470
Median DOM: 33
Inventory: 98
MoM: 0.0%
Single Family
$1,950
Median DOM: 10
Inventory: 62
MoM: 0.0%
Townhouse
$1,750
Median DOM: 21
Inventory: 12
MoM: 0.0%
Apartment
Avg/Median Rent$1,651 / $1,402Range$899 – $3,690Rent per Sq Ft$2 / $2Sq Ft887 / 814DOM245 / 336New0Total15
Condo
Avg/Median Rent$1,476 / $1,470Range$1,045 – $2,100Rent per Sq Ft$2 / $2Sq Ft978 / 1,024DOM51 / 33New13Total98
Single Family
Avg/Median Rent$2,340 / $1,950Range$775 – $9,500Rent per Sq Ft$1 / $1Sq Ft1,870 / 1,602DOM24 / 10New13Total62
Townhouse
Avg/Median Rent$1,834 / $1,750Range$1,400 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,559 / 1,220DOM27 / 21New2Total12
Rentals by Bedroom Count
Studio
Avg:$1,613Median:$1,613Range:$1,613 – $1,613PSF:$3 / $3Sq Ft:578 / 578DOM:—New:0Total:1
1 Beds
Avg:$1,291Median:$1,250Range:$775 – $1,950PSF:$2 / $2Sq Ft:750 / 744DOM:55 / 27New:6Total:45
2 Beds
Avg:$1,528Median:$1,500Range:$1,210 – $2,500PSF:$1 / $1Sq Ft:1,073 / 1,036DOM:47 / 22New:10Total:67
3 Beds
Avg:$1,897Median:$1,845Range:$1,437 – $3,690PSF:$1 / $1Sq Ft:1,452 / 1,364DOM:48 / 35New:7Total:49
4 Beds
Avg:$2,999Median:$2,650Range:$1,900 – $8,000PSF:$1 / $1Sq Ft:2,376 / 2,311DOM:25 / 22New:4Total:17
5 Beds
Avg:$3,807Median:$2,900Range:$2,277 – $9,500PSF:$1 / $1Sq Ft:3,260 / 2,643DOM:66 / 27New:1Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,613 | $1,613 | $1,613 – $1,613 | $3 / $3 | 578 / 578 | — | 0 | 1 |
| 1 Beds | $1,291 | $1,250 | $775 – $1,950 | $2 / $2 | 750 / 744 | 55 / 27 | 6 | 45 |
| 2 Beds | $1,528 | $1,500 | $1,210 – $2,500 | $1 / $1 | 1,073 / 1,036 | 47 / 22 | 10 | 67 |
| 3 Beds | $1,897 | $1,845 | $1,437 – $3,690 | $1 / $1 | 1,452 / 1,364 | 48 / 35 | 7 | 49 |
| 4 Beds | $2,999 | $2,650 | $1,900 – $8,000 | $1 / $1 | 2,376 / 2,311 | 25 / 22 | 4 | 17 |
| 5 Beds | $3,807 | $2,900 | $2,277 – $9,500 | $1 / $1 | 3,260 / 2,643 | 66 / 27 | 1 | 8 |
6-Month Sales Trend
Dec 2025
Median Price:$320,000Median DOM:82New:26Total:193
Jan 2026
Median Price:$309,000Median DOM:71New:41Total:181
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:$314,900Median DOM:58New:15Total:203
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:42New:53Total:191
Jan 2026
Median Rent:$1,595Median DOM:41New:52Total:184
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:$1,600Median DOM:26New:28Total:187
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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.
889158900289005890118901289014890158903089031890328904489052890748910189102891038910489106891078910889109891108911389117891188911989120891218912289123+21 more
← Back to Las Vegas Metro