89110 Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

Market Temperature: HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median list price per square foot in 89110 is $80, which is lower than the Las Vegas average of $109. The median price of homes currently listed in 89110 is $124,980 while the median price of homes that sold is $136,500. The median rent price in 89110 is $850, which is lower than the Las Vegas median of $1,165.

Foreclosures will be a factor impacting home values in the next several years. In 89110 12.5 homes are foreclosed (per 10,000). This is greater than the Las Vegas value of 9.5 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 89110 is 14.4%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 89110 homeowners underwater on their mortgage is 37.3%, which is higher than Las Vegas at 27.7%.

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Relative ZHVI
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89110 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $124,980 Median listing price
  • $136,500 Median sale price
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89110 Market Health

Data through Aug 31, 2014
  • 0.0/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 37.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

12.5 homes 89110
9.5 homes Las Vegas
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
89122 $139,200 89142 $137,500 89121 $136,900
89156 $134,300 89104 $124,700  

Listings & Sales

Data through Aug 31, 2014
  • $80 Median list price / sq ft
  • $91 Median sale price / sq ft
  • 25.7% Listings with price cut
24.5%
Sold below listing
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89110 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,020 89110
$1,167 Las Vegas
$1,328 United States
  • No data Breakeven horizon
  • $850 Rent list price
  • $0.67 Rent list price / sq ft
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