Live MLS Market Report · Townhomes & Condos

89148 Home Prices & Market Report

Live Las Vegas ZIP 89148 (Southwest / NREG office area) market data, refreshed hourly from the Greater Las Vegas Association of Realtors MLS via Repliers IDX. Median sold price is currently softening, -3.7% over the trailing twelve months.

Median List Price
$369,000
-3.7% YoY
Median DOM
45 d
last 90 d
$ per Sqft
$258
sold med
Months of Inventory
4.4 mo
balanced
12-month median sold price trend
1112010203040506070809
Low $324K · High $428K

Recent comparable sales in 89148

AddressSold$/sqftDOMPrice
5326 Borra Hills—$297174d$429,950
9580 Reno—$19018d$219,000
8680 Giant Causeway—$244131d$440,000

Housing data for ZIP 89148

Population57,246
Owner-Occupied56%

Live MLS listings in 89148

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

View all 89148 listings →← Back to ZIP 89148 profile

Homes for sale in ZIP 89148

View 24 home listings

Homes for rent in ZIP 89148

View 24 rental listings
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Listing information is provided through the MLS Internet Data Exchange program and is deemed reliable but not guaranteed. Inventory checked Oct 31, 2026, 5:42 PM Pacific; availability and prices may change.

From our listing agents in ZIP 89148

Go beyond the photos. Read the listing agent’s notes on updates, costs and details to check before a tour.

Listing information is provided through the MLS Internet Data Exchange program and is deemed reliable but not guaranteed. Active listings as of Oct 31, 2026, 5:42 PM Pacific; status and prices can change, so check each listing page.

ZIP 89148 market — frequently asked questions

What is the median home price in ZIP 89148?

The median home price in ZIP 89148 (Southwest / NREG office area, Las Vegas) is approximately $369,000, pricing down 3.7% year over year per Greater Las Vegas REALTORS MLS data.

Is ZIP 89148 a buyer's or seller's market right now?

ZIP 89148 is currently a balanced market, running about 4.4 months of inventory with homes selling in a median of 45 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 89148?

Homes in ZIP 89148 are going under contract in a median of about 45 days. Well-priced, move-in-ready homes typically sell faster, while above-market listings sit longer.

Are home prices in ZIP 89148 rising or falling?

Median prices in ZIP 89148 are down 3.7% 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 89148?

ZIP 89148 contains 2 named communities: Spring Valley (89148 portion) ($425K-$725K); Rhodes Ranch ($500K-$1.2M). Each has its own HOA, CC&Rs, and amenity mix.

What is the price per square foot in ZIP 89148?

Recent sales in ZIP 89148 are clearing at roughly $258 per square foot. Price-per-square-foot varies by community, age, and condition within the ZIP.

What are recent comparable sales in ZIP 89148?

Recent comparable sales in ZIP 89148 include 5326 Borra Hills ($429,950, $297/sqft); 9580 Reno ($219,000, $190/sqft); 8680 Giant Causeway ($440,000, $244/sqft). For a full closed-comp set tailored to your home or target price, call (702) 637-1759.

Nearby ZIP code market reports

Compare 89148 with adjacent Las Vegas-area ZIP codes — each report is refreshed hourly from the same live MLS feed.

89147Las Vegas · Southwest Spring Valley89113Las Vegas · Southwest / Spanish Trail89135Las Vegas · Summerlin South / Red Rock Country Club89117Las Vegas · West central / Peccole Ranch / The Lakes89145Las Vegas · Queensridge / Charleston corridor89178Las Vegas · Mountains Edge west89146Las Vegas · West Sahara / Sahara central89139Las Vegas · Southwest / Blue Diamond Road corridor

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

Buying or selling in 89148?

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