Las Vegas, NV 89144 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

Key Findings

1. The neighborhood's primary market indicator, the median sold price of $757,000, represents the most reliable signal of realized value and recent transaction activity in 89144; paired with a median days on market of 327, this suggests slower sales velocity and potential pricing friction for sellers (balanced-to-cautious market).
2. There is a wide gap between the median listing price of $959,950 and the median sold price of $757,000, which may indicate persistent seller pricing above recent transaction levels and could lengthen time to contract unless listings align more closely with buyer-validated prices (pricing dispersion).
3. Local pricing pressure is modestly positive: the price year-over-year trend is up while the market temperature is neutral, suggesting stabilized appreciation without overheating; sellers should not assume rapid turnover and buyers may face measured competition (stable appreciation).
4. Rental fundamentals remain supportive for investors: the median market rent is $2,150 and the rent year-over-year trend is up, but elevated interest rate pressure may constrain acquisition activity — consider financing sensitivity and longer holding periods when underwriting (elevated interest rate pressure).

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.