89118 Home Prices & Market Report
Live Las Vegas ZIP 89118 (South of Strip / Town Square corridor) market data, refreshed hourly from the Greater Las Vegas Association of Realtors MLS via Repliers IDX. Median sold price is currently softening, -8.7% over the trailing twelve months.
Recent comparable sales in 89118
Who lives in ZIP 89118
ZIP 89118 tracks the metro average for age, with a median of 39, with 25% of households raising children. Just 50% of homes are owner-occupied, below the 57% county average, and median household income ($72K) tracks the county. 30% of adults hold a bachelor's degree, in line with the county.
Homes for sale in 89118
Listing data sourced from GLVAR via Repliers IDX. Information deemed reliable but not guaranteed. Updated continuously.
ZIP 89118 market — frequently asked questions
What is the median home price in ZIP 89118?
The median home price in ZIP 89118 (South of Strip / Town Square corridor, Las Vegas) is approximately $389,900, pricing down 8.7% year over year per Greater Las Vegas REALTORS MLS data.
Is ZIP 89118 a buyer's or seller's market right now?
ZIP 89118 is currently a buyer's market, running about 9.8 months of inventory with homes selling in a median of 44 days. Under 3 months of inventory favors sellers, 3–6 months is balanced, and over 6 months favors buyers.
How long do homes take to sell in ZIP 89118?
Homes in ZIP 89118 are going under contract in a median of about 44 days. Well-priced, move-in-ready homes typically sell faster, while above-market listings sit longer.
Are home prices in ZIP 89118 rising or falling?
Median prices in ZIP 89118 are down 8.7% year over year based on GLVAR MLS closings. Month-to-month figures move with inventory and seasonality — the trend shown reflects the trailing twelve months.
What communities are in ZIP 89118?
ZIP 89118 contains 2 named communities: Town Square / Las Vegas Blvd corridor ($350K-$700K); South Las Vegas residential ($325K-$575K). Each has its own HOA, CC&Rs, and amenity mix.
What is the price per square foot in ZIP 89118?
Recent sales in ZIP 89118 are clearing at roughly $249 per square foot. Price-per-square-foot varies by community, age, and condition within the ZIP.
What are recent comparable sales in ZIP 89118?
Recent comparable sales in ZIP 89118 include 5000 Red Rock ($250,000, $174/sqft); 6650 Warm Springs ($229,000, $244/sqft); 5250 Rainbow ($272,000, $263/sqft). For a full closed-comp set tailored to your home or target price, call (702) 637-1759.
Nearby ZIP code market reports
Compare 89118 with adjacent Las Vegas-area ZIP codes — each report is refreshed hourly from the same live MLS feed.
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Buying or selling in 89118?
Nevada Real Estate Group has placed 9,600+ families across Las Vegas — including hundreds in ZIP 89118. Get a free Las Vegas comparative market analysis on your home, or if you need to sell fast, get a cash offer on your Las Vegas home.