ZIP 89131 Housing Market Report
Las Vegas Metro
Report period: May 2026
89131 Monthly Market Update – May 2026
ZIP 89131 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$590,000
−0.8%
Median DOM (Sales)
39
+11.4%
New Listings (Sales)
22
−78.4%
Median Rent
$2,248
0.0%
Median DOM (Rental)
14
−6.7%
Total Rental Listings
178
−3.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (28 DOM)
- Fastest renting: Single Family (11 DOM)
- Strongest bedroom: 8 Beds ($1,389,900 median)
Sales Market Overview
Median Price
$590,000
−0.8%
Median DOM
39
+11.4%
New Listings
22
−78.4%
Inventory
351
−3.3%
- Average Price: $730,247
- Median Price: $590,000
- Price Range: $230,000 – $4,500,000
- Price per Sq Ft (Avg/Median): $272 / $256
- Square Footage (Avg/Median): 2,677 / 2,504
- Square Footage Range: 800 – 9,111
- Days on Market (Avg/Median): 61 / 39
- Days on Market Range: 1 – 354
- New Listings: 22
- Total Listings: 351
Sales by Property Type
Condo
Avg/Median Price$299,700 / $299,900Range$230,000 – $389,000Price per Sq Ft$266 / $267Sq Ft1,141 / 1,169DOM48 / 28New2Total7
Land
Avg/Median Price$1,008,052 / $699,000Range$279,000 – $2,580,000Price per Sq Ft—Sq Ft—DOM144 / 164New0Total13
Single Family
Avg/Median Price$756,174 / $625,000Range$335,900 – $4,500,000Price per Sq Ft$275 / $257Sq Ft2,797 / 2,621DOM57 / 37New17Total308
Townhouse
Avg/Median Price$357,078 / $350,000Range$299,999 – $429,900Price per Sq Ft$237 / $228Sq Ft1,535 / 1,521DOM71 / 49New3Total23
Sales by Bedroom Count
1 Beds
Avg:$240,000Median:$245,000Range:$230,000 – $245,000PSF:$278 / $284Sq Ft:862 / 862DOM:67 / 79New:0Total:3
2 Beds
Avg:$495,550Median:$345,000Range:$319,900 – $2,200,000PSF:$438 / $278Sq Ft:1,305 / 1,342DOM:56 / 30New:2Total:16
3 Beds
Avg:$539,686Median:$465,000Range:$299,900 – $1,500,000PSF:$262 / $257Sq Ft:2,054 / 1,890DOM:55 / 32New:8Total:133
4 Beds
Avg:$756,452Median:$719,999Range:$400,000 – $2,390,000PSF:$260 / $247Sq Ft:2,923 / 2,854DOM:56 / 39New:10Total:121
5 Beds
Avg:$919,968Median:$849,900Range:$509,900 – $1,925,000PSF:$264 / $249Sq Ft:3,567 / 3,598DOM:67 / 46New:2Total:54
6 Beds
Avg:$1,742,922Median:$1,375,000Range:$689,000 – $3,595,000PSF:$313 / $291Sq Ft:5,445 / 4,786DOM:62 / 55New:0Total:9
8 Beds
Avg:$2,944,950Median:$1,389,900Range:$1,389,900 – $4,500,000PSF:$442 / $247Sq Ft:6,344 / 5,620DOM:151 / 79New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $240,000 | $245,000 | $230,000 – $245,000 | $278 / $284 | 862 / 862 | 67 / 79 | 0 | 3 |
| 2 Beds | $495,550 | $345,000 | $319,900 – $2,200,000 | $438 / $278 | 1,305 / 1,342 | 56 / 30 | 2 | 16 |
| 3 Beds | $539,686 | $465,000 | $299,900 – $1,500,000 | $262 / $257 | 2,054 / 1,890 | 55 / 32 | 8 | 133 |
| 4 Beds | $756,452 | $719,999 | $400,000 – $2,390,000 | $260 / $247 | 2,923 / 2,854 | 56 / 39 | 10 | 121 |
| 5 Beds | $919,968 | $849,900 | $509,900 – $1,925,000 | $264 / $249 | 3,567 / 3,598 | 67 / 46 | 2 | 54 |
| 6 Beds | $1,742,922 | $1,375,000 | $689,000 – $3,595,000 | $313 / $291 | 5,445 / 4,786 | 62 / 55 | 0 | 9 |
| 8 Beds | $2,944,950 | $1,389,900 | $1,389,900 – $4,500,000 | $442 / $247 | 6,344 / 5,620 | 151 / 79 | 0 | 2 |
Rental Market Overview
Median Rent
$2,248
0.0%
Median DOM
14
−6.7%
New Listings
43
Inventory
178
−3.8%
- Average Rent: $2,354
- Median Rent: $2,248
- Rent Range: $1,200 – $8,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,939 / 1,789
- Square Footage Range: 649 – 4,861
- Days on Market (Avg/Median): 30 / 14
- Days on Market Range: 1 – 298
- New Listings: 43
- Total Listings: 178
Rentals by Property Type
Apartment
$1,451
Median DOM: 53
Inventory: 4
MoM: 0.0%
Condo
$1,600
Median DOM: 46
Inventory: 13
MoM: 0.0%
Single Family
$2,275
Median DOM: 11
Inventory: 155
MoM: 0.0%
Townhouse
$1,999
Median DOM: 34
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,554 / $1,451Range$1,246 – $1,765Rent per Sq Ft$2 / $2Sq Ft747 / 680DOM53 / 53New0Total4
Condo
Avg/Median Rent$1,744 / $1,600Range$1,200 – $3,700Rent per Sq Ft$2 / $1Sq Ft1,230 / 1,255DOM63 / 46New0Total13
Single Family
Avg/Median Rent$2,436 / $2,275Range$1,200 – $8,500Rent per Sq Ft$1 / $1Sq Ft2,052 / 1,878DOM25 / 11New43Total155
Townhouse
Avg/Median Rent$2,099 / $1,999Range$1,895 – $2,350Rent per Sq Ft$2 / $1Sq Ft1,362 / 1,404DOM85 / 34New0Total6
Rentals by Bedroom Count
Studio
Avg:$1,200Median:$1,200Range:$1,200 – $1,200PSF:$0 / $0Sq Ft:2,989 / 2,989DOM:10 / 10New:0Total:1
1 Beds
Avg:$1,774Median:$1,451Range:$1,200 – $3,700PSF:$2 / $2Sq Ft:796 / 862DOM:78 / 53New:0Total:7
2 Beds
Avg:$1,817Median:$1,795Range:$1,600 – $2,000PSF:$2 / $1Sq Ft:1,233 / 1,169DOM:38 / 27New:0Total:8
3 Beds
Avg:$2,184Median:$2,165Range:$1,525 – $3,800PSF:$1 / $1Sq Ft:1,746 / 1,674DOM:27 / 12New:29Total:98
4 Beds
Avg:$2,484Median:$2,315Range:$1,910 – $4,400PSF:$1 / $1Sq Ft:2,263 / 2,177DOM:21 / 8New:12Total:49
5 Beds
Avg:$3,800Median:$2,975Range:$2,200 – $8,500PSF:$1 / $1Sq Ft:2,944 / 2,474DOM:67 / 24New:1Total:13
6 Beds
Avg:$2,850Median:$2,600Range:$2,600 – $3,100PSF:$1 / $1Sq Ft:3,371 / 2,680DOM:16 / 11New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,200 | $1,200 | $1,200 – $1,200 | $0 / $0 | 2,989 / 2,989 | 10 / 10 | 0 | 1 |
| 1 Beds | $1,774 | $1,451 | $1,200 – $3,700 | $2 / $2 | 796 / 862 | 78 / 53 | 0 | 7 |
| 2 Beds | $1,817 | $1,795 | $1,600 – $2,000 | $2 / $1 | 1,233 / 1,169 | 38 / 27 | 0 | 8 |
| 3 Beds | $2,184 | $2,165 | $1,525 – $3,800 | $1 / $1 | 1,746 / 1,674 | 27 / 12 | 29 | 98 |
| 4 Beds | $2,484 | $2,315 | $1,910 – $4,400 | $1 / $1 | 2,263 / 2,177 | 21 / 8 | 12 | 49 |
| 5 Beds | $3,800 | $2,975 | $2,200 – $8,500 | $1 / $1 | 2,944 / 2,474 | 67 / 24 | 1 | 13 |
| 6 Beds | $2,850 | $2,600 | $2,600 – $3,100 | $1 / $1 | 3,371 / 2,680 | 16 / 11 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$599,900Median DOM:72New:51Total:349
Jan 2026
Median Price:$599,000Median DOM:58New:93Total:338
Feb 2026
Median Price:$620,000Median DOM:42New:86Total:327
Mar 2026
Median Price:$590,000Median DOM:39New:95Total:345
Apr 2026
Median Price:$595,000Median DOM:35New:102Total:363
May 2026
Median Price:$590,000Median DOM:39New:22Total:351
6-Month Rental Trend
Dec 2025
Median Rent:$2,100Median DOM:27New:62Total:159
Jan 2026
Median Rent:$2,100Median DOM:11New:68Total:160
Feb 2026
Median Rent:$2,145Median DOM:10New:79Total:163
Mar 2026
Median Rent:$2,199Median DOM:11New:78Total:174
Apr 2026
Median Rent:$2,248Median DOM:15New:77Total:185
May 2026
Median Rent:$2,248Median DOM:14New:43Total:178
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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