Las Vegas, NV 89149 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent transaction activity, the median sold price, is 787,000 and, with the price year-over-year trend described as flat, this suggests market values are holding steady rather than trending strongly up or down given the neutral market temperature.
2. There is a material divergence between the median listing price of 632,500 and the median sold price of 787,000, which may indicate pricing friction or seller expectations above what recent transactions are achieving—buyers can use this gap to negotiate on terms and contingencies.
3. Sales velocity shows a longer marketing interval with a median days on market of 49, combined with elevated inventory relative to sales activity, which suggests moderate transaction volume and gives buyers more time to evaluate listings while sellers may need to price competitively or offer concessions.
4. Interest rate pressure is elevated and current financing costs for the area are noted as 6.75% compared to 6.35% for earlier 2026 originations; coupled with a down rent year-over-year trend and a median market rent of 1,995, this environment may constrain some buyer budgets and lengthen holding periods for investors, so underwrite for higher financing costs and softer rental growth.

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.