Las Vegas, NV 89138 Real Estate Market Report

ZIP Code: 89138
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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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.

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Key Findings

1. $830,000 median sold price is nearly level with the $825,000 median listing price, suggesting recent sales are occurring near seller expectations and that pricing is generally representative of completed transactions.

2. 144 days median days on market signals slower sales velocity and potential pricing friction—sellers should anticipate longer listing periods compared with faster-moving submarkets.

3. $347.77900740614626 median price per square foot indicates local per-unit valuation; agents should use this figure as the primary per-area comparator when advising price adjustments or offers.

4. $3,700 median market rent and a up rent year-over-year trend provide context for investor interest, but rental metrics should be weighed against the reported elevated interest rate pressure when modeling carry costs.

5. 0.48% property tax rate is a modest holding cost input—factor this into net cashflow scenarios, particularly given the current neutral market temperature which does not strongly favor rapid appreciation.

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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.