Live MLS Market Report · Single-Family Homes

89118 Home Prices & Market Report

Live Las Vegas ZIP 89118 (South of Strip / Russell Road corridor) market data, refreshed hourly from the Greater Las Vegas Association of Realtors MLS via Repliers IDX. Median sold price is currently softening, -10.3% over the trailing twelve months.

Median List Price
$694,500
-10.3% YoY
Median DOM
29 d
last 90 d
$ per Sqft
$262
sold med
Months of Inventory
9.3 mo
buyer's market
12-month median sold price trend
1112010203040506070809
Low $395K · High $550K

Recent comparable sales in 89118

AddressSold$/sqftDOMPrice
6451 Terra Miranda—$22329d$435,000
6441 Goody—$16965d$400,000
7210 El Malpais—$25857d$1,120,000

Housing data for ZIP 89118

Population219,913
Owner-Occupied50%

Live MLS listings in 89118

Listing data sourced from GLVAR via Repliers IDX. Information deemed reliable but not guaranteed. Updated continuously.

View all 89118 listings →← Back to ZIP 89118 profile

Homes for sale in ZIP 89118

View 24 home listings

Homes for rent in ZIP 89118

View 24 rental listings
See all listings in Las Vegas, NV

Listing information is provided through the MLS Internet Data Exchange program and is deemed reliable but not guaranteed. Inventory checked Oct 31, 2026, 11:15 AM Pacific; availability and prices may change.

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 / Russell Road corridor, Las Vegas) is approximately $694,500, pricing down 10.3% 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 9.3 months of inventory with homes selling in a median of 29 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 29 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 10.3% 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 1 named community: 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 $262 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 6451 Terra Miranda ($435,000, $223/sqft); 6441 Goody ($400,000, $169/sqft); 7210 El Malpais ($1,120,000, $258/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.

89109Las Vegas · The Strip / Resort Corridor89103Las Vegas · Spring Valley west / Chinatown corridor89146Las Vegas · West Sahara / Sahara central89102Las Vegas · Central Las Vegas / Las Verdes Heights89123Las Vegas · Silverado Ranch / Windmill Lane corridor89119Las Vegas · Paradise / Airport corridor89139Las Vegas · Southwest / Blue Diamond Road corridor89147Las Vegas · Southwest Spring Valley

See every metro ZIP on the Las Vegas ZIP code map, or explore the Las Vegas community hub.

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.

Get my home’s value →

Talk to a Local Vegas Area Specialist

Discuss your real estate plans.
Just answers from Nevada's #1 team.

Tell us about the home, area and timing you want to discuss.

or call (702) 637-1759

★★★★★ 9,097+ Reviews · #1 Team in Nevada · 9,600+ Homes Sold · No spam · Reply within an hour during business hours

By submitting this form, you agree that Nevada Real Estate Group, Chris Nevada, and LPT Realty (the brokerage of record), and their agents, may contact you at the phone number and email you provide about your real estate inquiry — including by automated or auto-dialed telephone calls, prerecorded or artificial-voice messages, and text messages (SMS/MMS) — even if your number is on a state or federal Do-Not-Call list, and that your phone number is your account sign-in. Message and data rates may apply; reply STOP to opt out of texts. Consent is not a condition of any purchase or service, and you may ask us to stop contacting you at any time. See our Terms of Use and Privacy Policy.

⚖ Equal Housing Opportunity