Las Vegas, NV 89148 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

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. median sold price — $481,500 is the primary indicator of recent market value and suggests transactions are occurring near the mid-$400Ks; this reflects a stable, representative recent sale level in a market showing neutral temperature.
2. median listing price — $525,000 sits above the median sold price, indicating a noticeable seller asking premium relative to completed transactions; this pricing gap may indicate pricing friction between buyer and seller expectations rather than immediate upward pressure.
3. median days on market — 50 points to slower sales velocity compared with fast-turn markets, which may mean moderate transaction volume and more balanced negotiations between buyers and sellers under current conditions.
4. market temperature — neutral combined with interest rate pressure — elevated and flat year-over-year trends for price and rent suggests the market is broadly balanced but under short-term pressure from financing costs; elevated interest rate pressure may continue to suppress transaction volume even as fundamental values remain steady.

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.