Las Vegas, NV 89129 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

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 is the 415,000 median sold price, which represents the best evidence of recent transaction values and suggests current market value is below asking expectations in this sample; representative recent sale appears to set the clearest pricing benchmark for buyers and sellers.
2. The 467,499 median listing price sits above the median sold price, which suggests seller expectations exceed recent transaction prices and may create pricing friction between offers and asking prices.
3. The 47 median days on market indicates slower sales velocity versus very fast-moving markets and may signal that buyers are taking more time to transact; combined with a neutral market temperature, this balanced pace appears consistent with a market moving toward equilibrium.
4. Broad trend and financing context: the down year-over-year price trend and down rent trend, together with elevated interest rate pressure and current 30-year fixed rates at 6.76%, suggest affordability headwinds are moderating demand and may continue to exert downward pressure on prices in the near term; market participants should watch financing costs closely as a key constraint.

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.