Las Vegas, NV 89113 Real Estate Market Report

ZIP Code: 89113
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Las Vegas NV 89113 are 6.40% compared to the 6.62% average observed when typical loans in this area originated in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator is the median sold price of $558,000, which reflects recent transaction activity; with prices trending up year‑over‑year, this suggests modest appreciation rather than rapid acceleration.

2. The median listing price of $615,000 sits above the median sold price, which may indicate seller expectations are higher than recent transaction levels and could create pricing friction between asks and closed sales.

3. The market shows a median days on market of 215 days, signaling slower sales velocity and relatively constrained active supply in the analyzed sample — this may result in longer negotiation windows and the need for patience on both buyer and seller sides.

4. Market context is broadly neutral market temperature with interest rate pressure described as elevated; current 30‑year fixed rates are 6.40% versus a prior average of 6.62%, and rising rates remain a cautionary factor even as the slightly lower current rate may support some buyer activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Las Vegas, NV 89113 Real Estate Market Report

ZIP Code: 89113
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Las Vegas NV 89113 are 6.40% compared to the 6.62% average observed when typical loans in this area originated in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market signal is the median sold price of 405,500, which represents the most reliable indicator of recent transaction value and suggests that closing prices are substantially higher than asking benchmarks in the sample; representative recent sale pricing should guide valuation decisions more than current list prices.

2. The median days on market of 290 signals notably slower sales velocity and may indicate pricing friction or longer negotiation timelines; this slower turnover appears consistent with a neutral market temperature rather than rapid movement.

3. The median listing price of 255,000 versus the median sold price highlights a material list-to-sale gap that may indicate seller pricing expectations diverging from buyer-accepted values, so underwriters and investors should focus on contract comps and closed sales when assessing offers.

4. Financing and broader demand context: mortgage pricing in the area is reported at 6.40% for current 30-year fixed rates compared to a historical average of 6.62%, while interest rate pressure is characterized as elevated; coupled with rising rents (median market rent 1,495 and rent year-over-year trend up), this suggests cautious buyer re-entry—opportunistic buyers may capitalize where sellers are anchored to listing expectations and transactions are slower.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.