Las Vegas, NV 89144 Real Estate Market Report

ZIP Code: 89144
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Las Vegas, NV (ZIP: 89144) reflects a median sold price of $620,000, indicating a stable market despite slight downward pressure on prices year-over-year. The neighborhood has decreased 8% since 2022, which may suggest a shift in buyer sentiment as inventory levels rise. The median listing price stands at $702,499.50, creating a notable gap between asking prices and actual sold prices, hinting at potential pricing friction as sellers adjust expectations in response to market conditions.

The market is characterized by elevated inventory levels, with a median days on market of 226, indicating slower sales velocity and a more cautious approach from buyers. This extended time frame may reflect a balanced market where buyers are taking their time to make decisions, influenced by the current neutral market temperature and elevated interest rate pressure. Overall, while the sales market shows signs of stability, the rental market is tightening, indicating a potential shift in investment dynamics.

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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 the Las Vegas NV market average around 5.625% to 6.375%, which is notably lower than the 6.58% average rate seen for similar loans originated in 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 median sold price of $620,000 indicates a stable market, despite a decrease of 8% since 2022.

2. With a median listing price of $702,499.50, there is significant pricing friction between asking and sold prices, suggesting sellers may need to adjust expectations.

3. The median days on market of 226 reflects slower sales velocity, indicating a cautious buyer sentiment in the current market environment.

4. Elevated inventory levels relative to sales activity suggest excess supply, which may influence future pricing strategies.

5. The rental market is tightening significantly, moving into landlord-favorable conditions, contrasting with the overall sales market dynamics.

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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.