Las Vegas, NV 89117 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The primary market indicator, median sold price $570,000, signals the neighborhood's representative recent sale value and underpins comparable pricing decisions; current conditions appear to favor cautious seller expectations rather than aggressive upside (downward pressure on prices).
2. There is a notable spread between median listing price $672,000 and median sold price $570,000, which may indicate pricing friction and suggests sellers are listing above what transactions are achieving, creating opportunities for buyers to negotiate.
3. The median days on market 47 points to slower sales velocity and longer marketing times, which, combined with reports of elevated inventory relative to sales activity, may translate into increased requests for concessions and more time needed to achieve full asking price.
4. Interest rate dynamics are a headwind: current 30-year fixed mortgage rates 7.61% versus earlier 2026 averages of approximately 6.85% represent elevated interest rate pressure, likely suppressing affordability and putting additional downward pressure on price momentum.

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.