ZIP 89118 Housing Market Report
Las Vegas Metro
Report period: March 2026
89118 Monthly Market Update – March 2026
ZIP 89118 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$299,999
+0.0%
Median DOM (Sales)
61
−14.1%
New Listings (Sales)
13
−61.8%
Median Rent
$1,600
+0.3%
Median DOM (Rental)
29
−3.3%
Total Rental Listings
184
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (57 DOM)
- Fastest renting: Multi-Family (11 DOM)
- Strongest bedroom: 6 Beds ($1,650,000 median)
Sales Market Overview
Median Price
$299,999
+0.0%
Median DOM
61
−14.1%
New Listings
13
−61.8%
Inventory
184
−1.1%
- Average Price: $496,232
- Median Price: $299,999
- Price Range: $169,500 – $3,350,000
- Price per Sq Ft (Avg/Median): $262 / $252
- Square Footage (Avg/Median): 1,721 / 1,163
- Square Footage Range: 494 – 8,091
- Days on Market (Avg/Median): 90 / 61
- Days on Market Range: 4 – 348
- New Listings: 13
- Total Listings: 184
Sales by Property Type
Condo
Avg/Median Price$239,539 / $230,000Range$169,500 – $369,500Price per Sq Ft$242 / $241Sq Ft1,006 / 1,024DOM91 / 62New6Total93
Land
Avg/Median Price$904,375 / $350,000Range$295,000 – $2,500,000Price per Sq Ft—Sq Ft—DOM122 / 81New0Total8
Multi-Family
Avg/Median Price$559,900 / $559,900Range$559,900 – $559,900Price per Sq Ft$409 / $409Sq Ft1,368 / 1,368DOM108 / 108New0Total1
Single Family
Avg/Median Price$876,352 / $595,000Range$319,000 – $3,350,000Price per Sq Ft$291 / $267Sq Ft2,901 / 2,481DOM81 / 57New5Total62
Townhouse
Avg/Median Price$345,036 / $320,000Range$255,000 – $750,000Price per Sq Ft$253 / $250Sq Ft1,405 / 1,220DOM98 / 91New2Total20
Sales by Bedroom Count
1 Beds
Avg:$216,408Median:$199,999Range:$169,500 – $559,900PSF:$283 / $281Sq Ft:760 / 744DOM:87 / 90New:0Total:23
2 Beds
Avg:$252,664Median:$249,000Range:$172,500 – $367,500PSF:$237 / $241Sq Ft:1,069 / 1,034DOM:99 / 83New:4Total:65
3 Beds
Avg:$385,423Median:$350,000Range:$245,000 – $899,987PSF:$262 / $253Sq Ft:1,487 / 1,425DOM:72 / 47New:7Total:47
4 Beds
Avg:$1,006,295Median:$642,000Range:$465,000 – $3,350,000PSF:$290 / $260Sq Ft:3,245 / 2,643DOM:69 / 61New:0Total:25
5 Beds
Avg:$742,349Median:$601,000Range:$549,900 – $1,199,995PSF:$248 / $218Sq Ft:3,096 / 2,751DOM:77 / 29New:2Total:8
6 Beds
Avg:$1,722,857Median:$1,650,000Range:$720,000 – $2,750,000PSF:$334 / $311Sq Ft:5,074 / 5,305DOM:171 / 160New:0Total:7
7 Beds
Avg:$1,399,999Median:$1,399,999Range:$1,399,999 – $1,399,999PSF:$306 / $306Sq Ft:4,577 / 4,577DOM:178 / 178New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $216,408 | $199,999 | $169,500 – $559,900 | $283 / $281 | 760 / 744 | 87 / 90 | 0 | 23 |
| 2 Beds | $252,664 | $249,000 | $172,500 – $367,500 | $237 / $241 | 1,069 / 1,034 | 99 / 83 | 4 | 65 |
| 3 Beds | $385,423 | $350,000 | $245,000 – $899,987 | $262 / $253 | 1,487 / 1,425 | 72 / 47 | 7 | 47 |
| 4 Beds | $1,006,295 | $642,000 | $465,000 – $3,350,000 | $290 / $260 | 3,245 / 2,643 | 69 / 61 | 0 | 25 |
| 5 Beds | $742,349 | $601,000 | $549,900 – $1,199,995 | $248 / $218 | 3,096 / 2,751 | 77 / 29 | 2 | 8 |
| 6 Beds | $1,722,857 | $1,650,000 | $720,000 – $2,750,000 | $334 / $311 | 5,074 / 5,305 | 171 / 160 | 0 | 7 |
| 7 Beds | $1,399,999 | $1,399,999 | $1,399,999 – $1,399,999 | $306 / $306 | 4,577 / 4,577 | 178 / 178 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
+0.3%
Median DOM
29
−3.3%
New Listings
40
Inventory
184
0.0%
- Average Rent: $1,707
- Median Rent: $1,600
- Rent Range: $899 – $4,950
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,249 / 1,108
- Square Footage Range: 250 – 4,768
- Days on Market (Avg/Median): 55 / 29
- Days on Market Range: 1 – 356
- New Listings: 40
- Total Listings: 184
Rentals by Property Type
Apartment
$1,325
Median DOM: 275
Inventory: 14
MoM: +0.3%
Condo
$1,450
Median DOM: 38
Inventory: 96
MoM: +0.3%
Single Family
$1,940
Median DOM: 14
Inventory: 61
MoM: +0.3%
Townhouse
$1,830
Median DOM: 32
Inventory: 11
MoM: +0.3%
Apartment
Avg/Median Rent$1,622 / $1,325Range$899 – $3,690Rent per Sq Ft$2 / $2Sq Ft856 / 766DOM270 / 275New0Total14
Condo
Avg/Median Rent$1,461 / $1,450Range$1,035 – $2,395Rent per Sq Ft$2 / $1Sq Ft989 / 1,024DOM51 / 38New16Total96
Multi-Family
Avg/Median Rent$2,050 / $1,600Range$1,600 – $2,500Rent per Sq Ft$1 / $1Sq Ft2,950 / 1,131DOM12 / 11New1Total2
Single Family
Avg/Median Rent$2,084 / $1,940Range$950 – $4,950Rent per Sq Ft$1 / $1Sq Ft1,671 / 1,582DOM33 / 14New22Total61
Townhouse
Avg/Median Rent$1,803 / $1,830Range$1,540 – $1,995Rent per Sq Ft$1 / $1Sq Ft1,370 / 1,267DOM36 / 32New1Total11
Rentals by Bedroom Count
1 Beds
Avg:$1,279Median:$1,245Range:$899 – $1,950PSF:$2 / $2Sq Ft:729 / 755DOM:79 / 45New:9Total:46
2 Beds
Avg:$1,522Median:$1,499Range:$1,135 – $2,500PSF:$1 / $1Sq Ft:1,089 / 1,036DOM:48 / 30New:13Total:64
3 Beds
Avg:$1,968Median:$1,850Range:$1,285 – $3,690PSF:$1 / $1Sq Ft:1,481 / 1,389DOM:47 / 19New:15Total:54
4 Beds
Avg:$2,371Median:$2,300Range:$1,745 – $3,300PSF:$1 / $1Sq Ft:2,035 / 1,913DOM:45 / 26New:2Total:15
5 Beds
Avg:$3,190Median:$2,775Range:$2,277 – $4,950PSF:$1 / $1Sq Ft:3,220 / 3,005DOM:63 / 82New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,279 | $1,245 | $899 – $1,950 | $2 / $2 | 729 / 755 | 79 / 45 | 9 | 46 |
| 2 Beds | $1,522 | $1,499 | $1,135 – $2,500 | $1 / $1 | 1,089 / 1,036 | 48 / 30 | 13 | 64 |
| 3 Beds | $1,968 | $1,850 | $1,285 – $3,690 | $1 / $1 | 1,481 / 1,389 | 47 / 19 | 15 | 54 |
| 4 Beds | $2,371 | $2,300 | $1,745 – $3,300 | $1 / $1 | 2,035 / 1,913 | 45 / 26 | 2 | 15 |
| 5 Beds | $3,190 | $2,775 | $2,277 – $4,950 | $1 / $1 | 3,220 / 3,005 | 63 / 82 | 1 | 5 |
6-Month Sales Trend
Oct 2025
Median Price:$330,000Median DOM:54New:42Total:198
Nov 2025
Median Price:$339,000Median DOM:58New:35Total:201
Dec 2025
Median Price:$320,000Median DOM:82New:26Total:193
Jan 2026
Median Price:$309,000Median DOM:71New:41Total:181
Feb 2026
Median Price:$299,990Median DOM:71New:34Total:186
Mar 2026
Median Price:$299,999Median DOM:61New:13Total:184
6-Month Rental Trend
Oct 2025
Median Rent:$1,650Median DOM:31New:64Total:200
Nov 2025
Median Rent:$1,600Median DOM:36New:62Total:195
Dec 2025
Median Rent:$1,595Median DOM:42New:53Total:191
Jan 2026
Median Rent:$1,595Median DOM:41New:52Total:184
Feb 2026
Median Rent:$1,595Median DOM:30New:60Total:184
Mar 2026
Median Rent:$1,600Median DOM:29New:40Total:184
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory was flat.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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