Live MLS Market Report · Townhomes & Condos

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, -21.0% over the trailing twelve months.

Median List Price
$252,450
-21.0% YoY
Median DOM
47 d
last 90 d
$ per Sqft
$221
sold med
Months of Inventory
11.5 mo
buyer's market
12-month median sold price trend
111201020304050607080910
Low $187K · High $265K

Recent comparable sales in 89118

AddressSold$/sqftDOMPrice
5170 Jones—$19033d$175,000
5066 Rainbow—$20961d$198,000
5150 Jones—$19048d$175,000

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.

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 $252,450, pricing down 21.0% 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 11.5 months of inventory with homes selling in a median of 47 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 47 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 21.0% 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 $221 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 5170 Jones ($175,000, $190/sqft); 5066 Rainbow ($198,000, $209/sqft); 5150 Jones ($175,000, $190/sqft). For a full closed-comp set tailored to your home or target price, call (702) 637-1759.

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.

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